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Stock Market Today - 07/31/15

Investor's Business Daily Video
Updated

Stocks finished higher this week as the market digested a slew of corporate earnings reports and economic data. The S&P 500 gained 1.2% this week, while the Nasdaq rose 0.8%. Social media stocks Facebook, Twitter and LinkedIn reported earnings this week. Each surpassed analyst expectations for Q2, but investors are concerned about future growth. Amgen broke out of a flat base after reporting view-topping earnings. Fellow biotechs Gilead and Alexion also beat Q2 views, but Alexion's guidance was light. Also this week, Skechers, Buffalo Wild Wings and Panera broke out to new highs on their quarterly reports. Some of the biggest names reporting earnings next week are FitBit, Monster Beverage, Disney, Tesla and Allergan.