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Financials Boosted the Broader Markets

Peter Barnes
Financials Boosted the Broader Markets

US stocks posted mixed weekly results as investors digested strong GDP growth data and weak earnings from technology companies. For the week ending July 27, the Dow Jones Industrial Average gained 1.6% and closed at 25,451.06, while the S&P 500 rose 0.61% to 2,818.82. Weak earnings growth from technology companies like Twitter and Facebook led to a 1.1% fall in the NASDAQ Composite Index to 7,737.42. Financials led the gains