TODAYS NEWS FOR 07-22-2019
Stocks rise slightly as Wall Street begins a big week of earnings Sentiment
in the market is sour, CIO says
Stocks rose slightly on Monday as Wall Street
kicked off a big week of earnings. The moves also come as expectations of
aggressive policy easing from the Federal Reserve dampen.
500 gained 0.3% as the tech sector outperformed. The Nasdaq
Composite advanced 0.7%. The Dow
Jones Industrial Average lagged, rising just 9 points, or 0.03%, as a 0.8%
drop in Boeing capped the index’s gains.
Boeing shares fell after Fitch
downgraded its outlook on the airplane maker to negative. Tech shares rose 1%,
led by chipmakers. Applied Materials, Micron Technology and Lam Research rose at
least 3% after Goldman Sachs upgraded them, noting that excess inventory for
memory chip companies “will
be depleted ” faster than expected.
European stocks close mixed as investors monitor earnings; Philips shares up
The pan-European Stoxx 600 closes provisionally flat, with sectors and
bourses trading in opposite directions.
Philips surges to the top of the
index after posting strong sales for the second quarter.
Voting in the U.K.’s
Conservative Party leadership contest is set to close later in the session.
Asia stocks slip as Shanghai debuts Nasdaq-style tech board
were lower on Monday.
The STAR market started trading in Shanghai on Monday,
as shares of the first batch of 25 companies surged following a massive
oversubscription prior to their public debut.
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