All three major indices barely budged over the course of the day.
First up, the scoreboard:
- Dow: 21,827.58, +31.03, (+0.14%)
- S&P 500: 2,472.05, -3.37, (-0.14%)
- Nasdaq: 6,373.86, -8.33, (-0.13%)
- US 10-year yield: 2.291%, -0.019
- WTI crude: $49.70, +0.66, +1.35%
1. $4. Stronger consumer spending accelerated the US economy in the second quarter. This preliminary report, based on incomplete data, showed that GDP increased by 2.6%, signaling that the growth slowdown in the first three months of this year was temporary.
2. $4. The agency said its policy won't affect any current requirements for cigarettes and smokeless tobacco, and would only impact newly regulated products like cigars and e-cigarettes.
3. $4. The e-commerce behemoth announced earnings of $0.40 a share, missing the Wall Street consensus of $1.42 by a wide margin. However, the news wasn't all bad, as revenue spiked 25% versus last year to $38 billion.
4. $4. Senior JPMorgan employees have reviewed models questioning whether the card would make money and when, the Journal reported, citing people familiar with the matter.
5. $4. Wells Fargo has been engulfed in scandal since September, when it reached a $190 million settlement with regulators over complaints that its retail banking staff had opened as many as 2.1 million unauthorized client accounts.
ADDITIONALLY:
$4.
$4.
$4.
$4.