S&P 500 Snaps 6-Day Win Streak As Rally Loses Steam

Stocks finished the day lower, as investors unpacked a flood of corporate earnings reports and a drop in job openings. The S&P 500 and Nasdaq reversed gains after earlier touching record highs -- the former snapping a six-day win streak and the latter marking its second loss in 12 sessions -- while the Dow shed 204 points. Wall Street is now eyeing U.S.-China trade talk developments, as well as the Fed's latest interest rate decision, due out tomorrow at 2 p.m. ET. 

closing indexes july 29

nyse nasdaq july 29

Earnings July 29

UVOL July 29


Oil Bounces Back on Trade Optimism

Oil prices rose amid trade optimism, with President Trump threatening to impose tariffs on Russia if it does reach a truce with Ukraine within “10 days from today." September-dated West Texas Intermediate (WTI) crude rose $2.50, or 3.8%, to settle at $69.21 a barrel. 

U.S. gold futures rose slightly as investors continued to eye U.S.-China trade talks. August-dated gold futures rose 0.4% to settle at $3,324 per ounce. 


More By This Author:

Stocks Move Lower Amid Earnings Deluge, Jobs Data
S&P 500, Nasdaq Eke Out Record Closes
Stocks Muted To Kick Off Busy Earnings Week

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with