Stocks ended mostly lower after data showed the U.S. economy suffered its biggest contraction since at least the late 1940s in the second quarter and as the number of people apply for first time jobless benefits rose. The tech-heavy Nasdaq Composite shook off the weakness, however, to end around 45 points higher, up 0.4%, near 10,588 ahead of earnings after the bell from a number of high fliers, including Facebook Inc. (FB), Apple Inc. (AAPL), Google parent Alphabet Inc. (GOOGL)(GOOGL) and Amazon.com Inc. The Dow Jones Industrial Average fell around 224 points, or 0.8%, to finish near 26,315, while the S&P 500 lost around 12 points, or 0.4%, closing near 3,246.
-William Watts; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 30, 2020 16:17 ET (20:17 GMT)
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