Close Update: Stocks Post Gains Friday Erasing Earlier Losses

Friday, July 31, 2020 4:15 PM | MT Newswires

Gains in shares of Apple (AAPL) and (AMZN) helped push the Nasdaq Composite Index higher as the tech-heavy gauge outperformed its index peers on Friday.

Positive earnings from Apple and Amazon sparked an advance in the Nasdaq, which surged 1.5% to 10,745.27. Apple rose 10.5% while Amazon added 3.7%. The Dow Jones Industrial Average gained 0.4% to 26,428.32 while the S&P 500 climbed 0.8% to 3,271.12. The indexes had spent time in negative territory during the session before reversing course.

For the week, the Nasdaq rose 3.7% while the S&P 500 gained 1.7%. The Dow slipped about 0.2%.

Earnings were a focus this week for investors and helped drive trading on Friday. In addition to upbeat news from Apple and Amazon, the market also got a lift from Facebook (FB), whose shares jumped 8% after it reported after the close Thursday earnings that beat expectations.

Share this article:

Related Companies

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like

Related Articles

Middle East Stocks Mostly Rise, Saudi Shares Boosted by Oil Outlook

European ADRs Edge Lower in Monday Trading

Do Traders View Union Pacific Corporation (UNP) Stock's Current Trend Positively?

Is Parker-Hannifin Corp (PH) Stock About to Get Hot Monday?

Related Companies