Yahoo Finance Live’s Seana Smith examines market gains at the end of the July session, in addition to Amazon’s stock and bitcoin’s pricing.
Video Transcript
SEANA SMITH: We want to recap what has been an incredible month for stocks. Taking a look at the S&P, you can see it so far in the past month up just about 8%, registering its best month that we have seen since November 2020. Similar story as we pull up the NASDAQ. The NASDAQ over the past month closing up just about 13%– the NASDAQ 100, that is. Let’s pull that one up. That’s the biggest gain that we’ve seen for the NASDAQ 100 since 2020 as well.
Taking a look at some of the individual movers that have certainly been trending here at Yahoo Finance, Amazon was a huge mover today. Amazon shares rising 27% in the month of July alone. You can see today’s gain of 10% coming on the heels of that very strong earnings report that we got out after the bell last night.
So that, of course, is a big reason why we’re seeing gains across the board in the tech sector today, as well as Apple. Apple was also one of the top trenders in Yahoo Finance today. Between Apple and Amazon, those two companies adding about $170 billion in market value just today alone.
Before we let you go, I want to pull up Bitcoin because Bitcoin has been a silent gainer so far in the month of July. Many people are shrugging it off because of the losses that we have seen most recently. But we certainly have seen a surge in Bitcoin, up about 18% in the month of July. You can see it today sitting just below 24,000. Dave.
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