Nice. Hoping for another good

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Darrentyl
2022-07-30

Nice. Hoping for another good run next month

S&P 500, Nasdaq Register Biggest Monthly Gains Since 2020

* Apple sees continued strength in demand for iPhone* Amazon expects higher revenue in third quarter

S&P 500, Nasdaq Register Biggest Monthly Gains Since 2020

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ngchris
·2022-07-30
August looked like a winner without the direct stress from FOMC. earnings so far have been pretty positive.
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Hoping for another good run next month</body></html>","htmlText":"<html><head></head><body>Nice. Hoping for another good run next month</body></html>","text":"Nice. Hoping for another good run next month","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9901890843","repostId":2255943595,"repostType":4,"repost":{"id":"2255943595","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659135413,"share":"https://www.laohu8.com/m/news/2255943595?lang=&edition=full","pubTime":"2022-07-30 06:56","market":"us","language":"en","title":"S&P 500, Nasdaq Register Biggest Monthly Gains Since 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=2255943595","media":"Reuters","summary":"* Apple sees continued strength in demand for iPhone* Amazon expects higher revenue in third quarter","content":"<html><head></head><body>* Apple sees continued strength in demand for iPhone* Amazon expects higher revenue in third quarter* Intel cuts annual forecasts, shares slide* Oil giants Exxon, Chevron jump after record revenue* Indexes: Dow up 1%, S&amp;P 500 up 1.4%, Nasdaq up 1.9%NEW YORK, July 29 (Reuters) - U.S. stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon.com, and the S&amp;P 500 and Nasdaq posted their biggest monthly percentage gains since 2020.Most S&amp;P 500 sectors ended higher, with energy rising 4.5%, the most of any S&amp;P sector. Chevron Corp rose 8.9% and Exxon Mobil shares jumped 4.6% after the companies reported record quarterly revenues.Apple Inc shares gained 3.3% after the company said parts shortages were easing and that demand for iPhones was continuing. 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Chevron Corp rose 8.9% and Exxon Mobil shares jumped 4.6% after the companies reported record quarterly revenues.Apple Inc shares gained 3.3% after the company said parts shortages were easing and that demand for iPhones was continuing. Amazon.com Inc shot up 10.4% after it forecast a jump in third-quarter revenue from bigger fees from its Prime loyalty subscriptions.&#34;In today&#39;s market, the Amazon and Apple numbers are giving the market support (on) the idea that two large companies that are a large part of the S&amp;P seem so far to be able to navigate through these tougher times,&#34; said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.Stocks have also rallied this week on investor speculation that the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.The Dow Jones Industrial Average rose 315.5 points, or 0.97%, to 32,845.13; the S&amp;P 500 gained 57.86 points, or 1.42%, to 4,130.29 and the Nasdaq Composite added 228.10 points, or 1.88%, to 12,390.69.All three major indexes gained for the month and for the week. The S&amp;P 500 gained about 9.1% for July in its biggest monthly percentage gain since November 2020, while the Nasdaq jumped about 12.3% in July in its biggest monthly gain since April 2020.In other earnings, Intel Corp shares fell 8.6% after the company cut annual sales and profit forecasts and missed second-quarter estimates.Second-quarter U.S. corporate results have mostly been stronger than expected.Of the 279 S&amp;P 500 companies that have reported earnings so far, 77.8% have exceeded expectations. 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Chevron Corp rose 8.9% and Exxon Mobil shares jumped 4.6% after the companies reported record quarterly revenues.Apple Inc shares gained 3.3% after the company said parts shortages were easing and that demand for iPhones was continuing. Amazon.com Inc shot up 10.4% after it forecast a jump in third-quarter revenue from bigger fees from its Prime loyalty subscriptions.\"In today's market, the Amazon and Apple numbers are giving the market support (on) the idea that two large companies that are a large part of the S&P seem so far to be able to navigate through these tougher times,\" said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.Stocks have also rallied this week on investor speculation that the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.The Dow Jones Industrial Average rose 315.5 points, or 0.97%, to 32,845.13; the S&P 500 gained 57.86 points, or 1.42%, to 4,130.29 and the Nasdaq Composite added 228.10 points, or 1.88%, to 12,390.69.All three major indexes gained for the month and for the week. The S&P 500 gained about 9.1% for July in its biggest monthly percentage gain since November 2020, while the Nasdaq jumped about 12.3% in July in its biggest monthly gain since April 2020.In other earnings, Intel Corp shares fell 8.6% after the company cut annual sales and profit forecasts and missed second-quarter estimates.Second-quarter U.S. corporate results have mostly been stronger than expected.Of the 279 S&P 500 companies that have reported earnings so far, 77.8% have exceeded expectations. Earnings for S&P 500 companies now are expected to have increased 7.1% in the quarter versus an estimated 5.6% at the start of July, according to IBES data from Refinitiv.The day's economic data showed U.S. labor costs increased strongly in the second quarter as a tight jobs market boosted wage growth.But on Thursday, a government report showed the American economy unexpectedly contracted in the second quarter, suggesting to some investors that the economy was on the cusp of a recession. 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