Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, July 24. The Dow Jones Industrial Average and S&P 500 gained 0.8% and 0.5%, respectively, while the NASDAQ Composite declined fractionally. For earnings, we saw Biogen (ticker: BIIB) top expectations with 15% earnings per share growth and 9% revenue advances. BIIB closed the day up nearly 6%. Investors continue to react favorably to Biogen’s stock as the company is scheduled to present clinical trials on its experimental BAN2401 therapy at this week’s Alzheimer’s Association International Conference.
Daniel Wiener Chairman Jeffrey DeMaso Director of Research Chris Keith Senior Vice President, Fixed Income Elizabeth Kesselman Vice President Jim Lowell Partner, Chief Investment Officer Charles Toole Vice President, Portfolio Manager Elizabeth Laprade Research Analyst July 27, 2018