Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, July 29, 2010

Thursday

Stocks finished in the red for the second day in a row as disappointing revenues from utilities and consumer companies outweighed a handful of strong earnings reports. Even with these past two losses, the market still remains on track to close out the best month since July 2009. A spell of disappointing second-quarter revenue and guidance reports stung the utilities, consumer staples, and technology sectors, but financial companies strengthened in the wake of encouraging earnings. With only one session of trading left in July, the major indexes are poised to notch gains of about 7%. Now to see what tomorrow brings.. DJIA -30.72 Nasdaq -12.87 S&P 500 -4.60.