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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 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

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

Source: Fidelity

Stock market update

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Stock market news for today July 14, 2020

Stock market news today

“Second-quarter earnings results for a slew of financial companies will be in focus Tuesday morning, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) set to report before market open.

Here’s what Wall Street expects some of the firms to report:

JPMorgan Chase & Co. (JPM) is expected to report adjusted earnings of $1.11 per share on revenue of $30.57 billion

Wells Fargo (WFC) is expected to report an adjusted loss of 1 cent per share on revenue of $18.5 billion

Citigroup (C) is expected to report adjusted earnings of 38 cents per share on revenue of $19.16 billion

Later in the morning, market participants will also receive the Commerce Department’s June Consumer Price Index (CPI) which is expected to show still-muted inflationary pressures amid the pandemic. Consensus economists expected headline CPI will have risen 0.5% following May’s 0.1% decline, with core CPI excluding volatile food and energy categories up an even more sanguine 0.1%.

“We have no argument with the FOMC’s [Federal Open Market Committee’s] view that the Covid crisis is a disinflationary event, but the run of three straight outright month-to-month declines in the core CPI likely came to an end in June,” Ian Shepherdson, Pantheon Macroeconomics chief economist, said in a note. “A meaningful rebound is not in prospect, though; we expect [Tuesday’s] report to show that the core index was unchanged last month.”

Stock market source: https://finance.yahoo.com/news/stock-market-news-live-july-14-2020-221802899.html

Stock market commentary

Bank stocks today will be on focus today and their earnings reports can move the stock market today. Higher stock market volatility is expected and that may bring several opportunities for stock trading, stock investing.

Stock market news for July 13, 2020

The latest stock market news for July 13, 2020.

“The Nasdaq Composite Index turned sharply negative as the broad-market rally, led by technology and tech-related stocks, unraveled within the final hour of trade Monday afternoon. The Nasdaq Composite Index COMP, -2.13% closed down 2.1% at 10,390, but had been up by nearly 2% at 10,824 earlier in the session; the S&P 500 index SPX, -0.93% closed 0.9% lower at 3,155 after touching an intraday peak at 3,235.32, briefly erasing its year-to-date losses. Meanwhile, the Dow Jones Industrial Average DJIA, +0.04% gave up its solid gains to cut its rally substantially. The Dow closed with a gain of less than 0.1% at about 26,086, but had hit a Monday peak at 26,639. News of reclosing in coronavirus ravaged states, particularly California, partly helped to derail the day’s strong opening gains.”

Stock market source: https://www.marketwatch.com/story/nasdaq-sinks-nearly-2-and-broader-stock-market-turns-negative-in-a-stunning-monday-reversal-in-final-hour-of-trade-2020-07-13

Stock market close on July 13, 2020

S&P 500: 3,155.22,-29.82(-0.94%)
Dow 30: 26,085.80,+10.50(+0.04%)
Nasdaq: 10,390.84,-226.60(-2.13%)
Russell 2000: 1,403.57,-19.11(-1.34%)

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 32.19+4.90 (+17.96%).

Stock movers

Equillium, Inc. (EQ) stock was a trending stock and a stock mover closing at
26.50+23.31 (+730.72%).

Source: Stockscharts.com

Stock gainers

Equillium Inc. (EQ): 26.50,+ 23.31 +730.72%
WiMi Hologram Cloud Inc. ADR (WIMI): 24.74,+ 10.11 +69.10%
Vaxart Inc. (VXRT): 12.12 +4.14 +51.88%

Stock losers

Celsion Corp. (CLSN): 1.29, -2.29 -63.97%
NextCure Inc. (NXTC): 8.15, -9.73 -54.42%
Gritstone Oncology Inc. (GRTS): 4.02, -4.07 -50.31%

Most active stocks

NIO Inc. ADR (NIO): 13.84, -1.14 -7.61%
Vaxart Inc. (VXRT): 12.12,+ 4.14 +51.88%
Equillium Inc. (EQ): 26.50,+ 23.31 +730.72%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock market news, performance for the business sectors.

The Health Care sector was the best performing sector +0.53%, the Information Technology sector was the worst performing sector -2.12%.

U.S. Sectors & Industries Performance for July 13, 2020

Source: Fidelity

Stock market update

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

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Stock market news for July 9, 2020

Latest stock market news for July 9, 2020.

“The Dow fell 361 points, or 1.38%, its second negative session in three.
The Dow is down 0.47% week to date, on pace for its second negative week in three
The S&P 500 fell 0.56%, its second negative session in three
The S&P 500 is up 0.71% week to date, on pace for its second positive week in a row, third positive week in four
Nine of 11 S&P Sectors were negative in Thursday’s session, led to the downside by energy, down 4.86%.
Consumer discretionary was the best performer, up 0.77%
The Nasdaq Composite gained 0.53%, its seventh positive session in eight and another record close
The Nasdaq is up 3.33% week to date, on pace for its second positive week in a row, third positive week in four
The Russell 2000 fell 2.00%, its second negative session in three”

Stock market data: https://www.cnbc.com/2020/07/09/stock-market-live-updates-futures-dip-jobless-claims-ahead.html

Stock market close on July 9, 2020

Dow Jones Industrial Average: 25,706.09, -361.19 -1.39%

S&P 500 Index: 3,152.05,-17.89 -0.56%

NASDAQ Composite Index: 10,547.75,+55.25 0.53%

Stock market data: MarketWatch

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 29.26+1.18 (+4.20%).

Stock movers

Spartan Energy Acquisition Corp. (SPAQ) was a trending stock and a stock mover with a stock price at the close of 14.99+4.18 (+38.67%).

Source: Stockscharts.com

Stock gainers

NuZee Inc. (NUZE): 17.90,+ 6.55 +57.71%
Spartan Energy Acquisition Corp. (SPAQ): 14.99,+ 4.18 +38.67%
Veritone Inc. (VERI): 15.22,+ 3.08 +25.31%

Stock losers

Bed Bath & Beyond Inc. (BBBY): 7.86, -2.55 -24.50%
China Finance Online Co. Ltd. ADR (JRJC): 7.97, -2.23 -21.86%
Mohawk Industries Inc. (MHK): 73.12, -18.27 -19.99%

Most active stocks

NIO Inc. ADR (NIO): 14.57,+ 1.69 +13.12%
Advanced Micro Devices Inc. (AMD): 57.26,+ 3.83 +7.16%
Ford Motor Co. (F): 5.84, -0.25 -4.11%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock market news, performance for the business sectors.

The Consumer Discretionary sector was the best performing sector +0.77%, the Energy sector was the worst performing sector -4.85%.

U.S. Sectors & Industries Performance for July 9, 2020

Source: Fidelity

Stock market update

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

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Stock market news for July 7, 2020

Latest stock market news for July 7, 2020. Dow Jones fell nearly 400 points. A lower close for all major stock indices on July 7, 2020. The closing numbers for the US stock market.

Stock market at the close on July 7, 2020

S&P 500: 3,145.32,-34.40(-1.08%)
Dow 30: 25,890.18,-396.85(-1.51%)
Nasdaq: 10,343.89,-89.76(-0.86%)
Russell 2000: 1,415.97,-26.91(-1.87%)

Stock market volatility

The CBOE Volatility Index (VIX) jumped higher to 29.43+1.49 (+5.33%).

Stock movers

Novavax, Inc. (NVAX) stock moved higher with gains of more than 30%, having a stock price at the close of 104.56+25.12 (+31.62%).

Source: Stockscharts.com

Stock gainers

MOGU Inc. ADR (MOGU): 5.92,+ 3.03 +104.84%
Corvus Pharmaceuticals Inc. (CRVS): 4.96,+ 2.21 +80.84%
Annovis Bio Inc. (ANVS): 6.78,+ 2.94 +76.56%

Stock losers

Broadway Financial Corp. (BYFC): 2.36, -0.96 -28.92%
Evolus Inc. (EOLS): 3.86, -1.46 -27.44%
Remark Holdings Inc. (MARK): 1.89, -0.70 -27.03%

Most active stocks

NIO Inc. ADR (NIO): 13.22,+ 1.71 +14.86%
Genius Brands International Inc. (GNUS): 2.28, -0.38 -14.29%
Corvus Pharmaceuticals Inc. (CRVS): 4.96,+ 2.21 +80.84%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock market news, performance for the business sectors. The Consumers Staples was the best performing sector +1.01%, the Energy sector was the worst-performing sector -3.18%.

Source: Fidelity

Stock market update

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

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Stock market news for July 6, 2020

Latest stock market news for July 6, 2020. The US stock market rose today, Nasdaq outperformed making a new 52-week high and a new record high. Dow Jones gained more than 450 points.

Stock market close on July 6, 2020

S&P 500: 3,179.72,+49.71(+1.59%)
Dow 30: 26,287.03,+459.67(+1.78%)
Nasdaq: 10,433.65,+226.02(+2.21%)
Russell 2000: 1,442.56,+10.70(+0.75%)

Stock market volatility

The CBOE Volatility Index (VIX)closed a little higher at 27.94+0.26 (+0.94%).

Stock movers

Ayro, Inc. (AYRO) stock was a trending stock with a stock price of 5.35+2.08 (+63.61%) at the close.

Source: Stockscharts.com

Stock gainers

Electrameccanica Vehicles Corp. (SOLO): 5.15,+ 2.02 +64.54%
AYRO Inc. (AYRO): 5.35,+ 2.08 +63.61%
Blink Charging Co. (BLNK): 8.40 +3.12 +59.09%

Stock losers

BELLUS Health Inc. (BLU): 3.40, -8.62 -71.71%
ObsEva S.A. (OBSV): 3.24, -2.90 -47.24%
Genius Brands International Inc. (GNUS): 2.66, -0.89 -25.07%

Most active stocks

NIO Inc. ADR (NIO): 11.51,+ 2.13 +22.71%
AYRO Inc. (AYRO) : 5.35,+ 2.08 +63.61%
Electrameccanica Vehicles Corp. (SOLO): 5.15,+ 2.02 +64.54%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Stock market news, performance for the business sectors.

The Consumer Discretionary sector was the best performing sector +3.21%, The Utilities sector was the worst performing sector -1.28%.

Source: Fidelity

Stock market update

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

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Stock market news for July 2, 2020

Latest stock market news for July 2, 2020.

“Stock rose on Thursday and gained for the week, as investors cheered the resiliency of a U.S. economy that created nearly 5 million jobs last month in the throes of the raging coronavirus pandemic.

The U.S. economy added a greater than expected number of payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations, and far exceeded ADP’s private payrolls data on Wednesday, which logged a gain of over 2.3 million jobs.

Although new unemployment insurance claims were higher than expectations, investors shrugged off the report in favor of the boom of workers returning to the labor force. The S&P 500 rose about 0.5% on Thursday to cap off an advance of 4% since market close last Friday. The Dow rose 4.6%, while the Nasdaq rose 3.25% on the week.”

Stock market data: https://finance.yahoo.com/news/stock-market-news-live-july-2-2020-221826705.html

Stock market close on July 2, 2020

S&P 500: 3,130.01, +14.15(+0.45%)
Dow 30: 25,827.36, +92.39(+0.36%)
Nasdaq: 10,207.63,+53.00(+0.52%)
Russell 2000: 1,431.86, +4.55(+0.32%)

Stock market volatility

The CBOE Volatility Index (VIX) closed at 27.68-0.94 (-3.28%).

Stock movers

Shares of Lemonade, Inc. (LMND) on their trading debut gained more than 100% closing at 69.41+40.41 (+139.34%).

Stock gainers

Lemonade Inc. (LMND): 69.41 +40.41 +139.34%
Genius Brands International Inc. (GNUS): 3.55 +1.24 +53.68%
Graf Industrial Corp. (GRAF): 20.53 +6.68 +48.23%

Stock losers

MYOS RENS Technology Inc. (MYOS): 1.70 -0.74 -30.33%
Liminal BioSciences Inc. (LMNL): 16.75 -6.04 -26.50%
Document Security Systems Inc. (DSS): 6.02 -2.04 -25.31%

Most active stocks

Genius Brands International Inc. (GNUS): 3.55 +1.24 +53.68%
NIO Inc. ADR (NIO): 9.38 +1.47 +18.58%
Electrameccanica Vehicles Corp. (SOLO): 3.13 +0.80 +34.33%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Materials sector was the best performing sector +1.85%, the Real Estate sector was the worst=performing sector -0.34%.

U.S. Sectors & Industries Performance for July 2, 2020

Source: Fidelity

Stock market update

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Breaking stock market news today July 2, 2020

Breaking stock market news today

“The U.S. economy added millions more payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations.

Meanwhile, the unemployment rate fell from May’s level but held at a historically high level, as many Americans remained out of work with the pandemic still under way.

Here were the main metrics from the Department of Labor’s report, compared to consensus estimates compiled by Bloomberg:

Change in non-farm payrolls: +4.8 million vs. +3.23 million expected

Unemployment rate: 11.1% vs. 12.5% expected

Average hourly earnings, month on month: -1.2% vs. -0.8% expected

Average hourly earnings, year on year: +5.0% vs. +5.3% expected”

Stock market data: Yahoo Finance

Stock market news for July 1, 2020

These are the latest stock market news for July 1, 2020.

“Dow Jones Industrial Average falls 77 points
The Dow fell 77.91 points, or 0.30%, to close at 25,734.97. The S&P 500 advanced 0.50% to 3,115.86. The Nasdaq Composite gained 0.95% to end the day at 10,164.63. Stocks traded higher for most of the session amid positive news on a potential coronavirus vaccine.

Vaccine data lifts sentiment
A study of a coronavirus vaccine candidate being developed by Pfizer and BioNTech showed the drug created neutralizing antibodies. The results were released online, but have not been reviewed by a medical journal yet. The company also said that, if the vaccine gets regulatory approval, it expects to make up to 100 million doses by year-end and “potentially” more than 1.2 billion by the end of 2021.

Pfizer jumps, Amazon and Netflix gain
Pfizer shares jumped 3.18% on the vaccine data released Wednesday. Amazon and Netflix gained 4.35% and 6.72%, respectively.”

Stock market source: https://www.cnbc.com/2020/07/01/what-happened-to-the-stock-market-wednesday-pfizer-vaccine-data-lifts-sentiment.html

Stock market close on July 1, 2020

S&P 500: 3,115.86,+15.57(+0.50%)
Dow 30: 25,734.97,-77.91(-0.30%)
Nasdaq:v10,154.63,+95.86(+0.95%)
Russell 2000: 1,432.83,-8.54(-0.59%)

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 28.62-1.81 (-5.95%).

Stock movers

FedEx Corporation (FDX) stock closed higher more than 11% at 156.66+16.44 (+11.72%).

FDX stock news

“For the fiscal 2020 fourth quarter ended May 31, the company reported revenue of $17.4 billion, down from $17.8 billion a year earlier. But the latest number easily topped FactSet’s analyst consensus of $16.4 billion.

Still, that wasn’t enough to create profits. FedEx suffered a loss of $334 million in the latest quarter, or $1.28 per share, shrinking from a loss of $1.97 billion, or $7.56 per share, a year ago. Analysts expected earnings per share of $1.33 for the latest quarter.

Adjusted EPS totaled $2.53 in the latest quarter, blowing away analysts’ prediction of $1.58.”

Stock market source: https://www.thestreet.com/investing/fedex-stronger-than-expected-revenue-adjusted-profi

FDX stock chart

Source: Stockscharts

Stock gainers

Liminal BioSciences Inc. (LMNL): 22.79,+ 11.99 +111.02%
89bio Inc. (ETNB): 28.17 +8.24 +41.34%
Akero Therapeutics Inc. (AKRO): 33.37 +8.45 +33.91%

Stock losers

Polar Power Inc. (POLA): 3.13, -1.83 -36.90%
Inovio Pharmaceuticals Inc. (INO): 19.73, -7.22 -26.79%
CPS Technologies Corp. (CPSH): 1.82, -0.60 -24.79%

Most active stocks

Workhorse Group Inc. (WKHS): 19.18,+ 1.79 +10.29%
General Electric Co. (GE): 6.74, -0.09 -1.32%
American Airlines Group Inc. (AAL): 12.81, -0.26 -1.99%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Real Estate sector was the best performing sector +2.57%, the Energy sector was the worst-performing sector -2.49%.

U.S. Sectors & Industries Performance for July 1, 2020

Source: Fidelity

Stock market news, economic news

The ADP National Employment Report came in at 2369K, lower than the forecast of 3000K, but still being positive for a second consecutive month.

Stock market update

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

Investing

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