US stocks opened higher on Friday morning on the last day of July after strong earnings by Apple and Amazon and top expectations from Google parent Alphabet and Facebook. However, the lack of congressional progress on another financial aid bill, continued growth in coronovirus cases, and Thursday’s labor market figures are all factors that could limit gains. Dow Jones Industrial Average DJIA,
Rose 50 points or 0.2% to 26,363, the S&P 500 Index SPX,
0.6% at 3,263, while the technology-heavy Nasdaq Composite Index comp,
Advanced 1.4% to 10,734. In economic data, personal spending rose 5.6% in June, the government said on Friday, following a revised 8.5% increase in May. Income fell 1.1% – slightly more than expected – due to less federal aid for families. In corporate news, Apple AAPL shares,
Facebook Inc. FB,
And Google Original Alphabet Inc. GOOG,
COVID-19 were trading at a higher level after the epidemic expected better results.