AllMarket Update
logoArgusJuly 26, 2021

Market Update: CNI, AES, COF, SKX, SLB, ZION

Sector(s)
Utilities, Financial Services, Energy, Industrials, Consumer Cyclical
Summary

Stocks edged higher on Monday morning amid a new round of earnings reports and housing market data. Investors also looked ahead to the Federal Reserve's meeting on Tuesday and Wednesday. The Commerce Department said that U.S. new home sales fell 6.6% in June to a seasonally adjusted annual rate of 676,000 units, below the Reuters consensus forecast of 800,000. The Dow rose 0.1%, the S&P 0.2%, and the Nasdaq 0.1%. Crude oil traded near $72 per barrel, while gold fell $3 to $1799 per ounce.

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