July 28, 2015 Market Wrap Up

The S&P 500 bounced back today, closing 25 points higher at $2,093. The other night, there was a massive sell-off in the Chinese Stock Market, which had an after effect here in the U.S. With that said, the focus at the moment is on earnings and China.

The VIX sold off pretty hard, closing at 13.44, down nearly 14%.

The energy market got a bounce as well, the United States Oil Fund, USO, closed 1.3% higher.

In the after-hours, we got earnings results from Twitter, Gilead Sciences, and Yelp. At the time of this writing: YELP: -16%, TWTR: +10%, GILD: +5%

On the options front, we saw bullish call buying in Live Nation Entertainment (LYV). We also saw bearish option activity in TherapeuticsMD Inc (TXMD).

Here’s what’s else on tap for tomorrow:

Key Economic Data:

• 29 July 2015- FOMC Meeting Announcement 2:00 PM ET
• 30 July 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET

Key Earnings:

• 29 July 2015- ADT, ANTM, APO, BAH, BAX, BEN, CLF, DATA, ETN, GSK, GRMN, HES, HLT, HUM, HUN, IP, LVLT, MA, MO, MTH, NOC, PX, SO, STRZA, VW, BAX, CAVM, FB, LRCX, MAR, MCK, MET, MTW, NXPI, ORLY, WFM
• 30 July 2015- ADP, ALU, APD, AZN, AVP, CAH, CL, CME, COP, DB, DLPH, ESV, FIG, HOT, HST, KMT, MDLZ, MPC, NOK, OSK, OXY, PG, POT, RYL, SC, SHOP, SNN, SSYS, SWK, TMUS, TWI, TWC, VLO, AMGN, EA, EXPE, FEYE, FLR, KLAC, LNKD, MOH, QLGC, ROVI, SAM, SPF, SYNA, WU
• 31 July 2015- BNP, CBOE, CVX, KCG, NWL, PSX, RLGY, STX, TYC, WY, XOM