- Despite a backlash on Thursday, S&P 500 gained 1.01% last week.
- S&P 500 reaches 4,590 to 4,637 resistance zone.
- The index has gained for nine of the last 11 weeks.
- July US Nonfarm Payrolls will be released on Friday.
- Amazon, Apple, Merck, AMD release quarterly results this week.
The S&P 500 remains flat footed two hours into Monday’s first session of the week despite SoFi (SOFI) earnings pushing that neobank up more than 18% at the start of trading. The tech-focused NASDAQ Composite is also flattish at the time of writing, with the more value-oriented Dow Jones Industrial Index also making slight gains.
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