Wednesday, 15 July 2020
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Stocks eke out small gains as investors prep for busy week of earnings

Stocks logged small gains Monday, buoyed by tech shares, as investors prepared for a busy week that will see more than 140 S&P 500 companies and a third of Dow Jones Industrial Average components deliver second-quarter results.

The Dow rose around 17 points, or 0.1%, to end near 27,172, according to preliminary figures, while the S&P 500 rose around 8 points, or 0.3%, to finish near 2,985. The tech-heavy Nasdaq Composite advanced around 58 points, or 0.7%, to close near 8,204.

Tech stocks were the best-performing of the S&P 500's 11 sectors, rising 1.2%. Shares of Micron Technology Inc. rose 3.7% after Goldman Sachs upgraded the chip maker to buy from neutral on Monday, citing expectations for an improved supply/demand balance in coming months. Other memory-chip companies also advanced.

Source : MarketWatch

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