First Trading Day of August: After 6 Months of Gains, What's Next?

Here's what is happening in the markets today, Tuesday, August 2nd:

- The major averages posted their sixth month of gains in July.

- The Nasdaq Composite and Dow Jones Industrial Average added about 1.2% and 1.3%, respectively, in July, while the S&P 500 gained close to 2.3% last month. 

- Amazon (AMZN) sank nearly 7.6% Friday after the tech giant reported its first quarterly revenue miss in three years and gave weaker guidance​ 

- Of the 59% of S&P 500 companies that have reported for the second quarter, 88% have beaten consensus earnings expectations

- This week's earnings: Lyft (LYFT), Amgen (AMGN), Uber (UBER), CVS Health (CVS), General Motors (GM), Roku (ROKU) and Square (SQ) all report quarterly results this week 

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