US Markets Rose Due to Strong Earnings on July 18
The S&P 500 started this week on a mixed note and moved higher as the week progressed. On Wednesday, the S&P 500 opened the day higher and rose to fresh 5.5-month high price levels. On July 18, five out of 11 major S&P 500 sectors closed the day higher. Strength in the financials and industrials sectors supported the market. However, weakness in the utilities and consumer staples sectors limited the market’s gains.