Netflix, Microsoft And Verizon Rated "Top Buy" This Week By AI

In the last week, we saw the markets close at another all-time high. They were lifted by Apple which surged on 5.1% to an all-time high on Friday. The S&P 500 ended up at 3,397, a new record closing high, while the Nasdaq NDAQ ended at 11,311, also a record close. Helping markets were the economic updates, with HIS Markit INFO showing US manufacturing activity hitting its highest level in 19 months, while services were at their highest level in 17 months. Also helping was the existing-home sales data for July, which saw a record month-to-month acceleration of 24.7%, and the average selling price for homes setting a new bar at $304,100.