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Stock market news for July 29, 2020

Stock market news

“S&P gains 1.25%, Kodak surges 318%, Fed keeps rates unchanged.Stocks rose on Wednesday as Big Tech CEOs testified on Capitol Hill and the Federal Reserve held rates steady. Several stocks, including AMD, moved higher after earnings, while shares of Kodak continued their dramatic rise.

S&P 500 closed up 1.24% for its second positive day in three, and its best day since July 14
S&P is up 5.1% this month, on pace for its 4th straight positive month and its best July since 2010
S&P is 3.98% below its intraday all-time high of 3,393.52 from Feb. 19
All 11 sectors were positive on Wednesday, led by energy up 2.1%
The Nasdaq Composite closed up 1.35% for its second positive day in three
The Nasdaq Composite is up 4.81% this month, on pace for its 4th straight positive month
The Dow closed up 0.61% for its second positive day in three
The Dow is up 2.82% month-to-date on pace for its fourth straight positive month
The Dow is 10.24% below its intraday all-time high of 29,568.57 from Feb. 12.

Fed holds rates steady

The Federal Reserve announced that it was keeping its benchmark interest rate at a record low level and warned that economic measures are still “well below their levels at the beginning of the year.”

Stock market data: https://www.cnbc.com/2020/07/29/stock-market-today-live.html

Stock market close on July 29, 2020

S&P 500: 3,258.44,+40.00(+1.24%)
Dow 30: 26,539.57,+160.29(+0.61%)
Nasdaq: 10,542.94,+140.85(+1.35%)
Russell 2000: 1,500.63,+30.87(+2.10%)

Stock market data: Yahoo Finance

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