The markets enjoyed a record day today as the bulls cheered on the testimony of Federal Reserve chairwoman, Janet Yellen. The Dow 30 broke to new all time highs, adding 123, the S&P 500 added 17, and the Nasdaq 100 gained 67 on the news. Tomorrow investors will get news on unemployment claims, and more testimony from Janet Yellen.
Amazon (NASDAQ: AMZN) continues to be in the news as the stock broke back above $1000. Shares were higher by 1.25% today as rumors circulated that the e-commerce giant generated a record $1 billion in sales on Prime Day. Part of the speculation was in part due to the fact that the "prime day" event was offered in Mexico, China and India for the first time. There was no confirmation from the company about this record at the time of this writing. Shares are now higher on the year by over 30%.
American Airlines (NYSE: AAL) shares broke to new highs, gaining 4.24% today as the airline announce that it would be raising its revenue outlook for the second quarter. The announcement stated that the company expects sales to climb between 5% and 6%, which is up from its previous range of 3.5% to 5.5% growth. The stock closed near the highs of the session and is now higher by over 15% on the year.
PayPal (NASDAQ: PYPL) shares popped to new highs today, adding 3.27% as Apple (NASDAQ: AAPL) announced it has added PayPal as a payment option for Apple Music, App Store, iBooks and iTunes. A blog post by PayPal COO Bill Ready says it's "now available in Canada and Mexico and plans to launch in the U.S. soon"