Finance & Investing

OPEC+ Reaches Deal? | July 15 | Eagle Nest

Thursday, July 15, Market Recap

Good Evening,

Today, July 14…

The DJIA rose 0.13%

The S&P 500 was down 0.12%

The Nasdaq Composite fell 0.22%

Banking led the market today.

General Market Review

Banking

Banks continue to top. Morgan Stanley beat expectations on both earnings and revenue. A boost in investment banking activity helped the company beat second quarter results. Morgan Stanley was up 0.18% today.

Energy

Oil prices fell due to reports that Saudi Arabia and United Arab Emirates reached a compromise which should easy production curbs and increase supply. Occidental Petroleum fell 2.16%.

Economic Data

Initial jobless claims for last week totaled 360,000 which fell 26,000 from the week earlier. This recovery shows the claims are a pandemic low.

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