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29 Jul: Stock market news for July 28, 2020

Stock market news

The latest stock market news for July 28, 2020.

A lower close for the US stock market on July 28, 2020. Dow fell more than 200 points. The closing numbers for the US stock market were the following:

S&P 500: 3,218.44,-20.97(-0.65%)
Dow 30: 26,379.28,-205.49(-0.77%)
Nasdaq: 10,402.09,-134.18(-1.27%)
Russell 2000: 1,469.74,-14.91(-1.00%)

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 25.44+0.70 (+2.83%).

Stock movers

Eastman Kodak Company (KODK) gained more than 200%, closing at 7.94+5.32 (+203.05%).

“Kodak Triples on Loan to Make Covid-19 Drug Ingredients.

(Bloomberg) — Eastman Kodak Co. shares more than tripled Tuesday on a $765 million government loan to help produce ingredients used in key generic medicines to fight the coronavirus.

The development bank loan is the first of its kind under the Defense Production Act in collaboration with the U.S. Department of Defense. It’s intended to speed production of drugs in short supply and those considered critical to treat Covid-19, including hydroxychloroquine, the controversial antimalarial drug touted by President Donald Trump.

The money could provide a lifeline to Kodak, the storied photography giant whose business and shares were devastated by the switch to filmless cameras. Once a stalwart of American industry with a market capitalization above $30 billion, the company declared bankruptcy in 2012, forcing it into a series of attempted reinventions including forays into printers, film for movies and, briefly, cryptocurrencies.”

Stock market source: https://finance.yahoo.com/news/kodak-triples-loan-covid-19-164153222.html

Eastman Kodak Company (KODK) chart

Eastman Kodak Company (KODK) chart
Eastman Kodak Company (KODK) chart

Source: Stockscharts.com

Stock gainers

Eastman Kodak Co. (KODK): 7.94, 5.32 +203.05%
Vocera Communications Inc. (VCRA): 31.40, +7.97 +34.02%
Sequential Brands Group Inc. (SQBG): 6.79, +1.59 +30.58%

Stock losers

MediciNova Inc. (MNOV): 7.40, -3.60 -32.73%
Nemaura Medical Inc. (NMRD): 6.68 -2.58 -27.92%
Wilhelmina International Inc. (WHLM): 5.70, -2.10 -26.92%

Most active stocks

Eastman Kodak Co. (KODK): 7.94,+ 5.32 +203.05%
Advanced Micro Devices Inc. (AMD): 67.61, -1.36 -1.97%
NIO Inc. ADR (NIO): 12.27, +0.58 +4.96%

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 +2.05%, the Materials sector was the worst performing sector -2.18%.

Stock Market, U.S. Sectors & Industries Performance for July 28, 2020
Stock Market, U.S. Sectors & Industries Performance

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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