Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7389
    +0.0017 (+0.22%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,858.02
    +1,889.46 (+2.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ futures

    18,465.00
    -38.75 (-0.21%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6845
    +0.0040 (+0.59%)
     

Stocks - U.S. Market Manages Small Gains as Everyone Waits for the Fed

Investing.com – Tech stocks moved higher on Monday, but the rest of the stock market seemed to stand still.

Amazon.com (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL) were among the big winners, along with oil-services giant Halliburton (NYSE:HAL), a reaction from an 8.4% drubbing it received last week as volatility roiled oil prices.

The S&P 500 rose 0.3%. The Dow was up 0.07%, but the Nasdaq Composite rose 0.7%, with the Nasdaq 100 index even stronger, up 0.9%. The Nasdaq 100 includes the biggest tech stocks.

There wasn't much to trade on. The Middle East was quiet. Federal Reserve officials went into quiet mode a week ahead of the big July 30-31 FOMC meeting when the central bank is expected to cut its key federal funds rate.

ADVERTISEMENT

There could be some volatility if reports on existing-home sales and new-home sales fail to meet Wall Street expectations. The former report is due Tuesday. The Commerce Department reports on new-home sales on Wednesday. In addition, Friday brings the first big read of second-quarter growth before the bell.

Facebook (NASDAQ:FB), up 2% on the day, issues second-quarter results Wednesday, while Amazon (NASDAQ:AMZN), up 1.1%, weighs in after Thursday's close. Intel (NASDAQ:INTC) also moved up ahead of its Thursday earnings report. Apple (NASDAQ:AAPL) climbed 2.3% ahead of its July 30 earnings report for its fiscal-third quarter.

Apple, Intel and Microsoft (NASDAQ:MSFT) were the leaders among the 30 Dow stocks.

Boeing (NYSE:BA) was 1% lower. It reports second-quarter results before Wednesday's open and already has said it expects to take a $5 billion charge related to the problems with its 737 Max jetliner. The shares are up 2.6% this month and nearly 16% this year.

Crude oil futures in New York moved up 56 cents to $56.22 a barrel. Brent crude, the global benchmark, added 79 cents to $63.26 a barrel.

Interest rates moved slightly lower overall. The 10-Year yield finished unchanged at 2.05%.

While techs were the market leaders, among the losing groups were consumer staples, telecommunications and health care stocks. Costco Wholesale (NASDAQ:COST) dipped 0.5% after hitting new highs on Friday.

S&P 500 Winners and Losers

Halliburton (NYSE:HAL), chip-equipment maker Applied Materials (NASDAQ:AMAT) and data-storage manufacturer Western Digital (NASDAQ:WDC) were among the top S&P 500 performers on the day.

Signet Jewelers (NYSE:SIG), supermarket giant Kroger (NYSE:KR) and Hewlett Packard Enterprise (NYSE:HPE), which concentrates on corporate technology needs, were among the worst S&P 500 performers on the day.

Related Articles

Day Ahead: Top 3 Things to Watch

Trump is expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources

Whirlpool beats revenue estimates, raises full-year profit forecast