AllMarket Summary
logoArgusJuly 23, 2021

Market Digest: BX, NVDA, SON, VZ, PM, BKR

Communication Services, Financial Services, Energy, Technology, Consumer Defensive, Consumer Cyclical

Stocks edged higher on Thursday as investors weighed a new round of earnings reports along with employment and housing market data. AT&T posted better-than-expected 2Q results, reflecting strong growth in wireless subscribers, and raised its full-year guidance. Texas Instruments also topped consensus estimates, though the shares fell 5% on a lower-than-expected 3Q sales forecast. On the housing front, the National Association of Realtors said that sales of existing homes rose 1.4% to an annualized 5.86 million units in June, slightly below the consensus forecast. First-time jobless claims rose to 419,000, up from the prior week and above consensus. Continuing claims fell by 29,000 to 3.236 million. The Dow rose 0.07%, the S&P 0.20%, and the Nasdaq 0.36%. Crude oil rose 2% to $71.50 per barrel, while gold rose $4 to $1808 per ounce.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free