MarketBeat Minute

MarketBeat Minute(2023-08-01)


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Stocks bounced above and below the breakeven point over 100 times before closing with a small gain on Monday. This continued the upward trend that put the three major indexes posting monthly gains of over 3%.

Earnings season is in full swing, but investors will largely be waiting to hear from Apple this week. The tech giant reports after the market closes on Thursday. It?s hard to understate the importance that Apple has on the market. To borrow a phrase, when Apple sneezes, the market catches a cold. At the same time, if Apple delivers strong results, it will likely add fuel for the bulls.

Investors are also waiting on the July jobs report, which will be out on Friday. A hotter reading will support the idea of the Federal Reserve raising interest rates in the fall. On the other hand, a cool reading will stoke concerns about inflation, which is likely to rise with higher oil prices.
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