Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, July 26. Facebook’s (ticker: FB) nosedive continued, with the stock falling 19%, losing nearly $120 billion in market cap—the company’s largest one-day loss ever. Meanwhile, Amazon’s stock rose over 4% in after-hours trading owing to the company’s historic quarterly profits and a 49% increase in year-over-year cloud business revenue. Although Chipotle closed the day down 1%, the stock was up 6% in after-hours trading on encouraging news of a continued turnaround. As we head into the weekend, we’ll watch for Friday’s GDP and consumer sentiment numbers.
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