Markets

US stocks turn in mixed performance in July's last session

2020-07-31 16:20:14 GMT (Economies.com)

The US stock indices have moved in opposite directions on Friday, the last session in July, despite the release of upbeat economic data and a recovery in the tech sector.

 

Major tech companies, led by Apple and Facebook, announced yesterday better second quarter earnings than analysts anticipated.

 

Data showed today that the US personal spending index rose 5.6% in June, while personal income fell 1.1%.

 

The Federal Reserve voted on Wednesday to maintain rates near zero while asserting its readiness to use all available tools to bolster the economy against the coronavirus pandemic.

 

As for stocks, Dow Jones lost 0.5% or 125 points to 26,190 as of 15:47 GMT, and S&P 500 held at to 3,245, while Nasdaq rose 0.8% or 80 points to 10,671.

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