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Stock Market Today

Saturday, July 30 2016

Daily Updates

Stock Market Today: July 29, 2016

Harvey S. Katz, William G. Ferguson, and Adam Rosner | 07/29/2016

The U.S. stock market moved lower this morning, firmed up in the early afternoon, and proceeded to end on a mixed-to-higher note. At the close of trading, the Dow Jones Industrial Average, hurt by some last-minute selling, was down 24 points; the broader S&P 500 Index was up four points; and the NASDAQ was higher by seven points.

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Stocks Highlights

Dow 30 Earnings: Chevron Corp. Second Quarter 2016

Robert Mitkowski | 07/29/2016

During the second quarter, oil giant and Dow-30 member Chevron reported its third-consecutive bottom-line loss on a GAAP basis, with lower oil prices once again weighing on operating results. However, on an adjusted basis, earnings topped Wall Street’s consensus estimate. The stock fell moderately initially, in response, but recovered as oil prices perked up a bit.

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Stocks Highlights

Dow 30 Earnings: Exxon Mobil Corp. Second Quarter 2016

Robert Mitkowski | 07/29/2016

Exxon Mobil (XOM) stock was down modestly after the company posted weak June-quarter results.

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