Stock market news for July 24, 2020.
“US stocks drop after China escalates tensions with consulate order.
US stocks slipped on Friday after China ordered the closure of the US Consulate in Chengdu, ratcheting up tensions between the economic superpowers.
The US made a similar order on Wednesday, reviving fears of a tit-for-tat economic conflict.
Investors also weighed earnings misses from Intel and American Express.
Oil gained as reopenings abroad boosted hopes for a demand rebound. West Texas Intermediate crude climbed as much as 1.5%, to $41.67 per barrel.”
Stock market source: https://markets.businessinsider.com/news/stocks/stock-market-news-today-index-reaction-china-tensions-earnings-season-2020-7-1029428873#
Stock market close on July 24, 2020
S&P 500: 3,215.63,-20.03(-0.62%)
Dow 30: 26,469.89,-182.44(-0.68%)
Nasdaq: 10,363.18,-98.24(-0.94%)
Russell 2000: 1,469.36,-20.85(-1.40%)
Stock market volatility
The CBOE Volatility Index (VIX) closed lower at 25.84-0.24 (-0.92%).
Stock movers
eMagin Corporation (EMAN) stock closed higher more than 40%, closing at 1.3000+0.4200 (+47.73%).
Source: Stockscharts.com
Stock gainers
Global Eagle Entertainment Inc. (ENT): 3.23,+ 1.13 +53.81%
Hamilton Beach Brands Holding Co. Cl A (HBB): 14.58,+ 4.23 +40.87%
WISeKey International Holding Ltd. ADR (WKEY): 9.50,+ 2.42 +34.18%
Stock losers
eHealth Inc. (EHTH): 79.17, -34.83 -30.55%
Arbutus Biopharma Corp. (ABUS): 4.96, -1.24 -20.00%
Veoneer Inc. (VNE): 11.19, -2.56 -18.62%
Most active stocks
Arbutus Biopharma Corp. (ABUS): 4.96, -1.24 -20.00%
Advanced Micro Devices Inc. (AMD): 69.40,+ 9.83 +16.50%
Intel Corp. (INTC): 50.59, -9.81 -16.24%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
The Consumer Discretionary sector was the best performing sector +0.33%, the Information Technology was the worst performing sector -1.19%.
Source: Fidelity
Stock market update
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