On Friday, US equities erased early losses and made gains. S&P 500 closing at a record high following positive economic data. Existing home sales surged a record 24.7% in July to a seasonally adjusted rate of 5.86 million. Business Insider reports that economists expected a reading of 5.41 million. Apple led tech stocks higher and posted a record high ahead of its end-of-month stock split. Oil sank before retracing some losses. West Texas Intermediate crude fell as much as 2.6%, to $41.46 per barrel.
