The latest stock market news on July 16, 2020.
“Stocks fell on Thursday as shares of the major tech companies struggled once again and traders digested a mixed batch of corporate earnings and economic data.
The Dow Jones Industrial Average dropped 135.39 points, or 0.5%, to 26,734.71 and snapped a four-day winning streak. The S&P 500 slid 0.3% to 3,215.57 and the Nasdaq Composite pulled back 0.7% to close at 10,473.83.
Shares of Microsoft and Apple fell more than 1% each. Amazon dipped 0.3%. Netflix — which was set to report earnings after the bell — erased earlier losses and gained 0.8%. The streaming giant’s stock dropped more than 11% after hours on the back of its results.
Big Tech has been the best-performing group in the Stock Market this year as investors bet their business models could withstand the coronavirus economic slowdown. However, they have struggled this week. Netflix is down more than 3% week to date; Facebook, Amazon, Alphabet and Microsoft are also down over that time period.”
Stock Market data: https://www.cnbc.com/2020/07/15/stock-market-futures-open-to-close-news.html
Stock market close on July 16, 2020
S&P 500: 3,215.57,-10.99(-0.34%)
Dow 30: 26,734.71,-135.39(-0.50%)
Nasdaq: 10,473.83,-76.66(-0.73%)
Russell 2000: 1,465.86,-12.41(-0.84%)
Stock market volatility
The CBOE Volatility Index (VIX) at the close was little changed, at
28.00+0.24 (+0.86%).
Stock movers
Houghton Mifflin Harcourt Company (HMHC) was a stock mover closing at
2.3500+0.5700 (+32.02%).
Source: Stockscharts.com
Stock gainers
Boxlight Corp. Cl A (BOXL): 4.20,+ 1.82 +76.47%
Relay Therapeutics Inc. (RLAY): 35.05,+ 15.05 +75.25%
Digital Ally Inc. (DGLY): 3.80,+ 1.20 +46.15%
Stock losers
Tricida Inc. (TCDA): 15.64, -10.56 -40.31%
Qutoutiao Inc. ADR (QTT): 2.84, -0.85 -23.04%
Colony Capital Inc. (CLNY): 1.84, -0.53 -22.36%
Most active stocks
Boxlight Corp. Cl A (BOXL): 4.20,+ 1.82 +76.47%
NIO Inc. ADR (NIO): 12.94, -0.58 -4.29%
Ford Motor Co. (F): 6.86,+ 0.12 +1.78%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
The Utilities sector was the best performinf sector +1.33%, the Information technology sector was the worst-performing sector -1.22%.
Source: Fidelity
Stock market update
All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.
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