AllMarket Update
logoArgusJuly 31, 2020

Market Update: AAPL, AMZN, BA, BX, CAKE, HOLX, MAS, NOC, GM, NOW, SHOP

Sector(s)
Financial Services, Technology, Healthcare, Industrials, Consumer Cyclical
Summary

Stocks were mixed on Friday morning as investors weighed strong earnings reports from major technology companies and positive consumer spending data. The Commerce Department said that U.S. consumer spending rose 5.6% in June, down from 8.5% in May, but above the Reuters consensus forecast of 5.5% growth. The Dow fell 0.5%, the S&P fell 0.1%, and the Nasdaq rose 0.7%. Crude oil rose slightly to $40 per barrel, while gold jumped $28 to $1970 per ounce.

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