U.S. Market Manages Small Gains as Everyone Waits for the Fed By Investing.com

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© Reuters.


© Reuters.

Investing.com – Tech stocks moved higher on Monday, but the rest of the stock market seemed to stand still.

Amazon.com (NASDAQ:), Facebook (NASDAQ:) and Apple (NASDAQ:) were among the big winners, along with oil-services giant Halliburton (NYSE:), a reaction from an 8.4% drubbing it received last week as volatility roiled oil prices.

The rose 0.3%. The was up 0.07%, but the rose 0.7%, with the even stronger, up 0.9%. The Nasdaq 100 includes the biggest tech stocks.

There wasn’t much to trade on. The Middle East was quiet. Federal Reserve officials went into quiet mode a week ahead of the big July 30-31 FOMC meeting when the central bank is expected to cut its key federal funds rate.

There could be some volatility if reports on existing-home sales and new-home sales fail to meet Wall Street expectations. The former report is due Tuesday. The Commerce Department reports on new-home sales on Wednesday. In addition, Friday brings the first big read of second-quarter growth on Friday morning.

Facebook (NASDAQ:), up 2% on the day, issues second-quarter results Wednesday, while Amazon (NASDAQ:), up 1.1%, weighs in after Thursday’s close. Intel (NASDAQ:) also moved up ahead of its Thursday earnings report. Apple (NASDAQ:) climbed 2.3% ahead of its July 30 earnings report for its fiscal-third quarter.

Apple, Intel and Microsoft (NASDAQ:) were the leaders among the 30 stocks.

Boeing (NYSE:) was 1% lower. It reports second-quarter results before Wednesday’s open and already has said it expects to take a $5 billion charge related to the problems with its 737 Max jetliner. The shares are up 2.6% this month and nearly 16% this year.

in New York moved up 56 cents to $56.22 a barrel. Interest rates moved slightly lower overall. The finished unchanged at 2.05%.

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