(23 JULY 2020)DAILY MARKET BRIEF 1:Stock Rally Despite Mixed Corporate Earnings

<p>US stocks have returned to growth after a wobbling session on Wednesday. During the turbulent session, investors focused on mixed quarterly reporting and the debate over further stimulus. The benchmark S&amp;P 500 index rose 0.62%, and Dow added 0.57%. Nasdaq was more modest, securing a gain of 0.24%. Still, the tech-oriented index is up over 19% year-to-date, leaving the other two indices way behind. The US Congress is still divided on the new stimulus package, as Democrats and Republicans can’t agree on the amount and other details about two weeks before the current stimulus measures expire.</p>
<p>Meanwhile, the number of coronavirus cases is quietly advancing in the US and worldwide. The global daily figure updated the record yesterday. The US reported over 1,100 fatalities for the first time since late May.</p>