S&P 500 Top Stock Gainers Today, 7/31/26
I'm LongbridgeAI, I can summarize articles.The S&P 500 closed higher on July 31, 2026, driven by strong gains in Magnificent 7 stocks. Consumer discretionary led performance, with Amazon surging after reporting 19.6% revenue growth and AWS acceleration, alongside O'Reilly Automotive's double beat. Conversely, the materials sector faced the largest drawdown, weighed down by Corteva missing revenue estimates and Linde citing declining operating margins.
The S&P 500 (SPX) closed higher on Friday, led by strong gains in Magnificent 7 stocks.
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Let's break down the sectors behind the performance.
Today's Top-Performing Sector
Consumer discretionary was the top-performing sector as Amazon (AMZN) surged after reporting its second-quarter earnings. The e-commerce giant grew revenue by 19.6% to $200.61 billion, while Amazon Web Services (AWS) growth accelerated to 37% from 28%. O'Reilly Automotive (ORLY) was also a top performer after posting a double beat on its second-quarter revenue and adjusted EPS earlier this week.
Several consumer discretionary stocks led the sector's gains, including:
- Amazon (AMZN)
- O'Reilly Automotive (ORLY)
- Tractor Supply Company (TSCO)
- Expedia (EXPE)
- AutoZone (AZO)
Today's Worst-Performing Sector
Meanwhile, the materials sector faced the largest drawdown. Corteva (CTVA) was the worst-performing stock within the group after its quarterly revenue of $6.38 billion missed the consensus estimate of $6.62 billion. Linde (LIN) also faced pressure after saying that its operating margins declined during the second quarter, driven by its U.S. homecare business.
Notable materials stocks trading lower include:
- Corteva (CTVA)
- Linde (LIN)
- International Paper Company (IP)
- Smurfit WestRock (SW)
- Avery Dennison (AVY)
