Stock market news today July 16, 2020

Latest stock market news today

Top stock market news for today.The US stock market is losing ground today, reacting to a series of economic news.

“Technology stocks weighed on the benchmark stock indexes, led by Amazon AMZN, -2.00% and Microsoft MSFT, -2.48% . Technology stocks had been the been the best-performing sector this year on prospects for growth during the coronavirus pandemic.

The U.S. corporate earnings reporting season has so far largely cheered investors with results from big banks. Morgan Stanley MS, 2.82% on Thursday reported second-quarter profit that beat analyst expectations, led by strength in investment banking and trading, but Bank of America Corp. BAC, -2.40% shares tumbled in premarket trade after the bank said it would boost its loan-loss provisions.

“Despite today’s weakness, the market is doing quite well,” said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. Frederick noted that the S&P 500 had briefly erased its losses for the year to date. With the bar set so low for second-quarter earnings, it’s possible more positive surprises could even result in a boost for stocks, he said.

U.S. economic data was also mixed on Thursday. First-time jobless claims for the week ending July 11 were only lower by 10,000 compared with the prior week: at 1.3 million, a much more muted recovery than the consensus of 1.24 million from economists surveyed by MarketWatch.

A separate report showed that retail sales roared back in June, rising 7.5%, compared with the 5.4% increase that had been forecast. And the July Philadelphia Fed index also beat expectations: falling only to 24.1 from 27.5, better than the 20 level expected. But the jobless claims data are more recent, and may signal cracks in the nascent economic recovery as states move to reimpose shutdown measures.

Meanwhile, a measure of homebuilder confidence surged 14 points to 72 in July, regaining pre-pandemic levels, and business inventories slipped 2.3% in May, in line with economists’ expectations.”

Stock market data: https://www.marketwatch.com/story/stock-index-futures-point-lower-after-china-selloff-2020-07-16

Stock market today

At 11:47 AM, ET time today July 16, 2020 the US stock market is declining, Dow Jones is down more than 100 points.

S&P 500: 3,203.51,-23.05(-0.71%)
Dow 30: 26,743.95,-126.15(-0.47%)
Nasdaq: 10,395.15,-155.35(-1.47%)
Russell 2000: 1,472.14,-6.13(-0.41%)

Stock market source: Yahoo Finance

Latest stock market news. Tech stocks continue to underperform today, a trend that seems dominant for the past two consecutive days. Tech stocks have outperformed in 2020, and stock trading, stock investing in tech stocks needs caution.

Stock futures today July 16, 2020

At 8:23 AM, ET time today July 16, 2020 stock futures are falling, and point to a lower open today for the US stock market. Dow Jones futures are declining more than 170 points. S&P 500 futures are falling more than 20 points.

S&P Futures: 3,198.25,-21.25(-0.66%)
Dow Futures: 26,587.00,-178.00(-0.67%)
Nasdaq Futures: 10,552.00,-131.25(-1.23%)
Russell 2000 Futures: 1,466.20,-10.50(-0.71%)

Stock market data: Yahoo Finance

Biggest stock losers for July 15, 2020

Biggest stock losers on July 15, 2020

These are the biggest stock losers, top stock losers at the close of the US stock market on July 15, 2020.

Biggest stock losers on July 15, 2020
Biggest stock losers on July 15, 2020

Stock market data: Investing.com

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Biggest stock gainers for July 15, 2020

Biggest stock gainers on July 15, 2020

These are the biggest stock gainers, top stock gainers at the close of the US stock market on July 15, 2020.

Biggest stock gainers for July 15, 2020
Biggest stock gainers for July 15, 2020

Stock market data: Investing.com

Stock market

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Most active stocks for July 15, 2020

Most active stocks for July 15, 2020, US stock market

These are the most active stocks for the US stock market on July 15, 2020.

Most active stocks for July 15, 2020
Most active stocks for July 15, 2020

Stock market data: Investing.com

Stock market

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Stocks at 52-week low for July 15, 2020

Stocks at 52-week low for July 15, 2020, US stock market

52-week low stocks at the close of the US stock market on July 15, 2020.

Stocks at 52-week low for July 15, 2020
Stocks at 52-week low for July 15, 2020

Stocks at 52-week low for July 14, 2020, US stock market

Stock market data: Investing.com

Stock market

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Stocks at 52-week high for July 15, 2020

Stocks at 52-week high for July 15, 2020, US stock market

52-week high stocks at the close of the US stock market on July 15, 2020.

Stocks at 52-week high for July 15, 2020, US stock market
Stocks at 52-week high for July 15, 2020, US stock market

Source: Investing.com

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Stock market news for July 15, 2020

The latest stock market news for July 15, 2020.

A higher close for the US stock market today, with gains for all major indices, and plenty of volatility for stocks. Nasdaq managed to close higher, earlier it was negative. Small-cap stocks today outperformed, the Russell 2000 index gained more than 3.5% or more than 50 points.

Stock market at the close today

S&P 500: 3,227.43,+29.91(+0.94%)
Dow 30: 26,876.84,+234.25(+0.88%)
Nasdaq: 10,550.49,+61.92(+0.59%)
Russell 2000: 1,483.77,+55.51(+3.89%)

Stock movers

Genetic Technologies Limited (GENE) was a stock mover closing at
5.67+3.41 (+150.88%).

Genetic Technologies Limited (GENE) stock chart
Genetic Technologies Limited (GENE) stock chart

Source: Stockscharts.com

Stock Market, U.S. Sectors & Industries Performance

The Industrials sector was the best performing sector +2.55%, the Utilities sector was the worst-performing sector -0.44%.

U.S. Sectors & Industries Performance for July 15, 2020
U.S. Sectors & Industries Performance for July 15, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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Stock market today July 15, 2020

Stock market today

A higher close for the US stock market today, with gains for all major indices, and plenty of volatility for stocks. Nasdaq managed to close higher, earlier it was negative. Small-cap stocks today outperformed, the Russell 2000 index gained more than 3.5% or more than 50 points.

Stock market at the close today

S&P 500: 3,227.43,+29.91(+0.94%)
Dow 30: 26,876.84,+234.25(+0.88%)
Nasdaq: 10,550.49,+61.92(+0.59%)
Russell 2000: 1,483.77,+55.51(+3.89%)

Moderna stock set up the risk-on mood for investing

Moderna, Inc. (MRNA) stock closed higher with a stock price at the close of
80.22+5.18 (+6.90%). “Moderna Inc surged 9.2% after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies.”

Stock market source: https://finance.yahoo.com/news/us-stocks-wall-st-climbs-184235938.html

The vaccine hopes sent travel stocks higher today, shares of American Airlines Group Inc. (AAL) gained more than 16% closing at 13.44+1.87 (+16.16%).

Shares of The Goldman Sachs Group, Inc. (GS) closed higher at 216.87+2.86 (+1.34%).

Goldman Sachs Earnings :

“Goldman Sachs Tops Q2 Earnings Forecast As Trading Revenues Surge
Goldman Sachs said its global markets revenues rose 93% to $7.18 billion, helping offset a 70% rise in loan loss provisions and pushing the group’s bottom line well ahead of Wall Street forecasts.

Goldman Sachs Group Inc.  (GS) – Get Report posted much better-than-expected second quarter earnings Wednesday as it followed Wall Street rivals with a surge in trading revenues linked to market volatility during the peak of the coronavirus pandemic.

Goldman said profits for the three months ending in June were pegged at $6.26 per share, up 7.7% from the same period last year and well ahead of the Street consensus forecast of $3.78 per share. Group revenues, Goldman said, surged 41% to $13 billion, smashing analysts’ estimates of a $9.75 billion tally.

Investment banking revenues, Goldman said, rose 36% to $2.66 billion, echoing the surge reported by U.S. rivals JPMorgan  (JPM) – Get Report and Citigroup  (C) – Get Report yesterday. Net revenues for its global markets division, meanwhile, nearly doubled from last year to $7.18 billion. Loan loss provisions, however, were also notably higher from last year, rising 70% to $1.59 billion.”

Stock market data: https://www.thestreet.com/investing/goldman-sachs-tops-q2-profit-forecast-trading-revenues-surge?puc=yahoo&cm_ven=YAHOO&yptr=yahoo


Stock market live today July 15, 2020

Stock market live

At 1:32 PM, ET time today, July 15, 2020, the US stock market is up, but an initial stock market rally has been minimized. Small-cap stocks outperform today. Tech stocks continue to underperform. The latest stock market update today:

S&P 500: 3,222.45,+24.93(+0.78%)
Dow 30: 26,840.13,+197.54(+0.74%)
Nasdaq: 10,515.50,+26.92(+0.26%)
Russell 2000: 1,473.24,+44.98(+3.15%)

Stock market data: Yahoo Finance