Wall Street Wraps July With Big Monthly Wins

The S&P 500 and Nasdaq secured their fifth-straight monthly win

Patrick Martin

Managing Editor

Jul 31, 2023 at 4:27 PM

The Dow closed out a resoundingly successful July with a triple-digit win today. Despite spending time on both sides of breakeven throughout the day, the blue-chip index surged into the close, and closes the book on July with only four sessions in the red for the entire month. The S&P 500 and Nasdaq logged comfy wins of their own today, with both indexes clocking a fifth-straight monthly win.

Continue reading for more on today's market, including:

Another analyst turns bearish on Ford Motor stock.
SoFi Technology stock blitzed by call traders.
Plus, a 'major AI player' to watch; former meme stock in focus; and ACHR's big break.

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5 Things to Know Today

Twp Federal Reserve officials envision a 'soft landing' for the U.S. economy. (MarketWatch)
A Birkenstock initial public offering (IPO) is coming. (Bloomberg)
Palantir stock gets AI-based bull note.
Puts galore for this former meme stock.
Air Force contract fuels ACHR breakout.

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Oil Logs Best Month Since May 2022

Oil prices rose today, wrapping up a stellar month. September-dated oil added $1.22, or 1.5%, to settle at $81.80 per barrel. For July, black gold added roughly 16%, the largest monthly gain since May 2022.

Gold was also higher today to log big gains for the month. December-dated gold added $9.30, or 0.5%, to settle at $2,009.20 an ounce. The safe-haven asset clocked its best monthly win since March with a 2.1% pop.

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