Stock market news for August 7, 2020

The latest stock market news for August 7, 2020. A better than expected July jobs report, a focus on economic stimulus deal, and also on US-China tensions were the main themes for the stock market and investing. The Dow Jones and S&P 500 closed little changes, Nasdaq fell and small-cap stocks outperformed.

Stock market at the close on August 7, 2020

S&P 500: 3,351.28,+2.12(+0.06%)
Dow 30: 27,433.48,+46.50(+0.17%)
Nasdaq: 11,010.98,-97.09(-0.87%)
Russell 2000: 1,569.18,+24.56(+1.59%)

Stock market news

“The Department of Labor’s July jobs report was released at 8:30 a.m. ET Friday. Here were the main metrics in the report, compared to consensus estimates compiled by Bloomberg:

Change in non-farm payrolls: +1.783 million vs. +1.48 million expected and +4.791 million in June

Unemployment rate: 10.2% vs. 10.6% expected and 11.1% in June

Average hourly earnings, month over month: +0.2% vs. -0.5% expected and -1.3% in June

Average hourly earnings, year over year: +4.8% vs. +4.2% expected and +4.9% in June

The change in total non-farm payrolls for June was revised down slightly by 9,000 to 4.791 million, while May’s payrolls were revised up by 26,000 to 2.725 million.”

Stock market data: https://finance.yahoo.com/news/july-2020-jobs-report-labor-department-coronavirus-pandemic-unemployment-rate-191513556.html

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 22.21,-0.44(-1.94%).

Stock movers

Groupon, Inc. (GRPN) stock gained more than 50% with a stock price at the close of 25.77+9.32 (+56.66%).

Stock gainers

Conduent Inc. (CNDT): 4.13,+ 1.87 +82.74%
Groupon Inc. (GRPN): 25.77,+ 9.32 +56.66%
OpGen Inc. (OPGN): 3.37,+ 1.16 +52.49%

Stock losers

OLB Group Inc. (OLB): 5.80, -4.60 -44.23%
Alteryx Inc. Cl A (AYX): 121.38, -47.62 -28.18%
Everspin Technologies Inc. (MRAM): 6.35, -2.20 -25.73%

Most active stocks

OpGen Inc. (OPGN): 3.37, +1.16 +52.49%
Conduent Inc. (CNDT): 4.13,+ 1.87 +82.74%
General Electric Co. (GE): 6.40,+ 0.07 +1.11%

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

Stock Market, U.S. Sectors & Industries Performance

The Financials sector was the best performing sector +2.18%, the Information Technology sector was the worst-performing sector -1.56%.

Stock Market, U.S. Sectors & Industries Performance for August 7, 2020
Stock Market, U.S. Sectors & Industries Performance for August 7, 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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