Key things

  • U.S. stocks gained after better-than-expected second-quarter earnings reports, with the S&P 500 up 0.4% on Monday, July 24, 2023.
  • Shares of Chevron rose 2% after the oil giant previously reported earnings that beat forecasts.
  • Shares of American Airlines fell 3% after the carrier boosted contract offers to its pilots.

US stocks started the new week in positive territory, adding to last week’s gains boosted by strong second-quarter earnings. The Dow posted its 11th straight winning session and the S&P 500 rose 0.4%.

5 S&P 500 Stocks That Posted Gains

Becton Dickinson

Becton Dickinson shares (BDX) advanced 5% after US regulators gave permission for a medical device manufacturer’s updated infusion system.


Chevron shares (CVX) gained 2% as the oil giant pre-announced second-quarter earnings that beat analysts’ estimates. record production in the Permian Basin, and the board waived the retirement age rule for CEO Michael Wirth.


Mattel stock (MAT) rose 2% as a blockbuster, Barbiebased on the company’s doll, had a record opening weekend at the box office.

Johnson & Johnson

Johnson & Johnson stock (JNJ) rose 0.5% after the pharmaceutical and medical device maker announced a share exchange offer with consumer products spinoff Kenvue (KVUE).


Boeing stock (B.A) added 2% as the plane maker announced it was donating nearly $1 million in scholarships to help train new commercial pilots.


5 S&P 500 stocks that posted losses

Gilead Sciences

Shares of Gilead Sciences (GILD) fell 3% after the drug company halted a Phase 3 study of an experimental blood cancer treatment, saying it would not be effective.

American Airlines

Shares of American Airlines (AAL) fell 3% after the carrier said it increased its contract offer to its pilots by more than $1 billion.

American Express

American Express Stock (AXP) fell 1.5% after Piper Sandler downgraded the stock and cut its price target due to student debt headwinds.

Estee Lauder

Estee Lauder shares (EL) fell 1.5% after Piper Sandler cut its rating and price target on the stock as Chinese consumer spending fell.

ON Semiconductor

Shares of ON Semiconductor (ON) lost 1% as Rosenblatt downgraded the stock, citing concerns about demand for products that use its chips.


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