ZN - Zion Oil
ECOR - electroCore, Inc.
PINS - Pinterest, Inc.
SEM - Select Medical Holdings Corporation
GSHD - Goosehead Insurance, Inc.
MDRX - Allscripts Healthcare Solutions, Inc.
NXGN - NextGen Healthcare, Inc.
SRNE - Sorrento Therapeutics, Inc.
EBS - Emergent Biosolutions, Inc.
HURN - Huron Consulting Group Inc.
(MT Newswires) -- Stocks mostly firmed in early trading on the final session of the week, with robust technology sector earnings adding some steam to the move higher and driving up the Nasdaq Composite while the gains were capped by losses in the energy group.
The Dow Jones Industrial Average was propped up by a 6.5% surge in Apple (AAPL), after the iPhone maker late Thursday said its fiscal third-quarter earnings and revenue grew year-on-year and were better than analysts expected. The Nasdaq was stronger as Facebook (FB) jumped 8.1% and Amazon (AMZN) rose 4.1% after they both reported upbeat quarterly results.
The Standard & Poor's 500 information technology group was up 0.9% in the strongest gain on the day, while energy shares sank 1.4% amid downbeat earnings news. Chevron (CVX) was 4.5% lower as it swung to a quarterly loss and revenue plunged.
The measures were mixed on the week after Thursday's economic data that saw the worst quarterly contraction in US history in the three months through June. Data on Friday showed the personal income fell 1.1% in June after a 4.4% drop in May, while spending rose 5.6%, adding to an 8.5% jump a month earlier. The consensus on Econoday was for a 1% decrease in incomes, while expenditures were in line with views.
While Apple drove the Dow higher, more than two-thirds of the components were in the red. Caterpillar (CAT) was down 2.5% after the equipment company's second-quarter revenue and earnings dropped year-on-year
Also in earnings, Johnson Controls (JCI) rose 4.3% after offering upbeat guidance compared with the Street's view, despite year-on-year declines in its fiscal third quarter. Shake Shack (SHAK) dropped 8.7% after swinging to a loss in its second quarter as revenue fell.
In morning trading, the Nasdaq was up 1%, the S&P 500 gained 0.2% and the Dow was little changed.
https://www.mymillennialinvestments.com/index.php/News/Pre-Market-Movers/July-31st-2020