Stocks fell Friday as investors took in a batch of some weaker-than-expected earnings results from heavily weighted companies including Amazon. However, the major indexes still closed out the month of July higher, boosted by a wave of other stronger-than-expected earnings results earlier this month and signals that monetary policymakers would keep current supports in place.
Stocks rose on Thursday as investors looked beyond a weak set of economic data and a mixed batch of corporate earnings results. Traders also considered a Federal Reserve decision that signaled the central bank was still looking for the U.S. economy to recover further before adjusting its monetary policies.
U.S. economic activity likely accelerated in the second quarter.