Stock Market Update
31-Jul-26 14:55 ET
7,500 or bust?
Dow +315.94
at 52524.00,
Nasdaq +224.74
at 25367.93,
S&P +48.96
at 7486.59
[BRIEFING.COM] The sideways action near the highs of the day persists, begging the question: will the S&P 500 take out 7,500 before the end of the session or remain stuck below that ceiling?
Amazon (AMZN 271.42, +35.92, +15.25%) and Alphabet (GOOG 355.25, +21.57, +6.46%) have seemingly done all they can to help the S&P 500 get there, so it may depend on more of the foot soldiers getting in line to get across that finish line by the closing bell.
As it stands now, the equal-weighted S&P 500 is flat for the day, whereas the Vanguard Mega Cap Growth Index Fund (MGK 86.06, +0.68, +0.79%) is up 0.8%.
Breadth at the NYSE has improved. Earlier this morning, decliners led advancers by a better than 2-to-1 margin. Now, advancers and decliners are even.
