US Stocks Diverge on Big Tech Earnings — Amazon Surges, Apple Plunges

Earnings
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Summary · why it matters

The S&P 500 and the Dow Jones Industrial Average ended slightly higher, but the flood of big tech earnings at the end of July sharply divided individual names. Amazon surged 15.32% from the previous day, while Apple plunged 7.35%, with the soaring and tumbling stocks canceling each other out behind the indexes' calm moves. The S&P 500 closed up 0.70% at 7,489.72, and the Dow rose 0.53% to 52,485.03. On the day, Alphabet gained 6.73%, Microsoft added 3.02%, and Nvidia climbed 2.93%, while AMD fell 1.90% and Micron dropped 5.90%.

Impact on stocks 7

Artificial Intelligence± Mixed · 6 stocks
Apple Inc.
AAPL
▼ NegativeCapitalrelevance

Apple plunged 7.35% on its earnings report.

Semiconductors▲ · 1 stocks
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