Tuesday, July 24, 2018

Stocks Stagnate Prior To Google's Blowout Report

Stocks continued to loll around the unchanged mark to open the week's trading. The major indices have not moved much at all in the past week, though there could be a sudden lift after Alphabet, parent of Google (GOOG), reported second quarter earnings that smashed expectations.

The $5 billion fine leveled against Google the for antitrust violations by the European Union will barely dent the company's reported $100+ billion in cash and marketable securities.

While Google may stand alone atop the tech heap, it may need help lifting the rest of the market off the mark. Investors appear to be awaiting the report on second quarter GDP before making definitive decisions regarding stock purchases or sales.

Dow Jones Industrial Average July Scorecard:

Date Close Gain/Loss Cum. G/L
7/2/18 24,307.18 +35.77 +35.77
7/3/18 24,174.82 -132.36 -96.59
7/5/18 24,345.44 +181.92 +85.33
7/6/18 24,456.48 +99.74 +185.07
7/9/18 24,776.59 +320.11 +505.18
7/10/18 24,919.66 +143.07 +648.25
7/11/18 24,700.45 -219.21 +429.04
7/12/18 24,924.89 +224.44 +653.48
7/13/18 25,019.41 +94.52 +748.00
7/16/18 25,064.36 +44.95 +792.95
7/17/18 25,119.89 +55.53 +848.48
7/18/18 25,199.29 +79.40 +927.88
7/19/18 25,064.50 -134.79 +793.09
7/20/18 25,058.12 -6.38 +786.71
7/23/18 25,044.29 -13.83 +772.88

At the Close, Monday, July 23, 2018:
Dow Jones Industrial Average: 25,044.29, -13.83 (-0.06%)
NASDAQ: 7,841.87, +21.67 (+0.28%)
S&P 500: 2,806.98, +5.15 (+0.18%)
NYSE Composite: 12,794.05, +4.14 (+0.03%)

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