📈 Stock Market Recap | July 31
🟢 Stocks capped a wild July with gains: Dow +0.53% to 52,485.03, S&P 500 +0.7% to 7,489.72, Nasdaq +1% to 25,373.85
💻 Amazon rocketed 14-15%, its biggest single-day jump in over a decade, on blowout AWS growth
📉 Apple sank 7-9% as Services revenue and China sales missed, plus rising chip costs
🍏 Big 7 check: Amazon soared, Apple slumped, Meta fell over 9% on an EPS miss, Microsoft cooled a day after a record $450B market cap gain, Nvidia dipped to $195, Alphabet rose on strong earnings, Tesla is weighing a sale or spinoff of its China unit
🥇 Gold: around $4,086/oz, down about 0.4%
🥈 Silver: around $58/oz, down about 1.6%
🔥 Thermal coal: around $130-134/tonne, holding near multi-month highs
⛏️ Met coal: around $218-220/tonne — HCC traded $76.50-$79.60, AMR held near $143
🛢️ Transocean (RIG): $5.26, up 3.5% on Valaris deal optimism
🏆 Big winners: Amazon, Alphabet, Caterpillar. Big losers: Apple, Coca-Cola, Visa
Bottom line: Amazon's blowout quarter and Apple's stumble split the Big Tech story today, while gold and silver cooled off after a strong week.
📈 Stock Market Recap | July 31
🟢 Stocks capped a wild July with gains: Dow +0.53% to 52,485.03, S&P 500 +0.7% to 7,489.72, Nasdaq +1% to 25,373.85
💻 Amazon rocketed 14-15%, its biggest single-day jump in over a decade, on blowout AWS growth
📉 Apple sank 7-9% as Services revenue and China sales missed, plus rising chip costs
🍏 Big 7 check: Amazon soared, Apple slumped, Meta fell over 9% on an EPS miss, Microsoft cooled a day after a record $450B market cap gain, Nvidia dipped to $195, Alphabet rose on strong earnings, Tesla is weighing a sale or spinoff of its China unit
🥇 Gold: around $4,086/oz, down about 0.4%
🥈 Silver: around $58/oz, down about 1.6%
🔥 Thermal coal: around $130-134/tonne, holding near multi-month highs
⛏️ Met coal: around $218-220/tonne — HCC traded $76.50-$79.60, AMR held near $143
🛢️ Transocean (RIG): $5.26, up 3.5% on Valaris deal optimism
🏆 Big winners: Amazon, Alphabet, Caterpillar. Big losers: Apple, Coca-Cola, Visa
Bottom line: Amazon's blowout quarter and Apple's stumble split the Big Tech story today, while gold and silver cooled off after a strong week.
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