Despite nabbing intraday record peaks, stocks closed well off their session highs on Thursday. The Dow marked a fourth-straight loss, while the S&P 500 and Nasdaq also finished lower, the latter's third consecutive drop. Big Tech earnings only propped Wall Street higher for so long, as interest rate concerns and Fed fatigue lingered.

Nevertheless, all three major indexes finished July with monthly wins, the Nasdaq's fourth-straight. Now, investors turn their attention to Amazon.com (AMZN) and Apple (AAPL) earnings, tomorrow's jobs data, and any potential trade deal developments between the U.S. and China.

Oil Breaches $70 Amid U.S. Stockpile Concerns

Oil prices cooled off to end the month after an unexpected rise in crude stockpiles and the 90-day extension of 25% U.S. tariffs on Mexico imports to the U.S. amid trade talks. September-dated West Texas Intermediate (WTI) crude lost 74 cents, or 1.1%, to settle at $69.26 a barrel. 

U.S. gold futures fell today, despite President Donald Trump's trade deadlines getting closer as the specifics of deals remain murky. August-dated gold futures fell 0.2% to settle at $3,347.80 per ounce. 

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