Stock market report August 7 2019

US stock market report August 7 2019

Another day with increased volatility for the US stock market. Initially there was a selloff but at the close there was strong buying interest for stocks and major US stock market indices were almost flat, only Nasdaq had some moderate gains. This is the market update for US stock market at close on Wednesday August 7 2019:

• S&P 500: 2,883.98,+2.21(+0.08%)
• Dow 30: 26,007.07,-22.45(-0.09%)
• Nasdaq: 7,862.83,+29.56(+0.38%)
• Russell 2000: 1,500.69,-1.40(-0.09%)
• 10-Yr Bond: 1.6840,-0.0550(-3.16%)
• Vix: 19.49,-0.68(-3.37%)

Stocks gainers

Cambrex Corporation (CBM) was the stock with largest gains closing at $60.00+$19.22 (+47.13%).

Stocks losers

New Relic, Inc. (NEWR) was the stock with largest losses closing at $59.78-$23.98 (-28.63%).

Stock investing – Most active stocks

Teva Pharmaceutical Industries Limited (TEVA) was among the most active stocks closing at $7.29+$0.23 (+3.26%).

U.S. Sectors & Industries Performance

Materials was the best performing sector +1.32%, Financials was the worst performing sector -1.21%, Source: Fidelity

US stock market earnings today

Some of the companies releasing earnings today are AMC Entertainment (AMC), Cronos Group (CRON), Fiverr (FVRR), Norweigan Cruise Line (NCLH), Viacom (VIAB), Activision Blizzard (ATVI), CBS (CBS), Revolve Group (RVLV), Yelp (YELP), (UBER) and Kraft Heinz (KHC).

Stock market news

• The direction of the US stock market is being determined by China’s currency right now
• S&P 500 and Nasdaq erase losses after bond market scare
• Does the stock market care more about the Fed or China?

Stock market data

All data about stocks , stock investing is taken from Yahoo finance and stockcharts.com.

Stocks to buy or stocks to sell – stock market newsletter

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This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist