The Dow entered the new month with a bang. The blue-chip index scored a new record close for its fifth session in a row after hitting an intraday higher earlier in the day. The s and p and Nasdaq were also higher. Sprint Corp. (S) rallied after returning to profit for the first time in three years, surprising analysts looking for a small loss. Sprint's gains boosted the telecom sector. Dow component Verizon Communications Inc. (VZ) also made strides higher. It was a disappointing July for automakers. Ford Motor Co. (F) , General Motors Co. (GM) and Fiat Chrysler Automobiles (FCAU) each reported worse-than-expected sales for the month, largely tied to lower fleet sales. Toyota Motor Corp. (TM) was the only automaker to beat estimates. Under Armour Inc. (UA) tumbled after cutting its full-year sales growth forecasts. The retailer also announced a restructuring plan involving job cuts that is expected to rack up charges of at least $110 million.
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