July stock rally fades as markets edge lower on delaying data
Stocks slipped Monday as investors awaited key reports on U S growth for Q2 and the monthly jobs survey. The S P 500 fell 6.32 points to 1685.33 with energy and banks leading declines while the index eyes a mixed July. Fed stimulus remains a market prop as sessions unfold.
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Pending home sales slip from six year high
The National Association of Realtors reports pending home sales fell 0.4 percent to 110.9 in June after a May high of 111.3, still 10.9 percent above a year ago. Higher mortgage rates appear to modestly slow activity but demand remains strong in the West.
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Amazon expands job reach with 7000 new roles in 13 states
Amazon.com plans 7000 new positions across 13 states at distribution centers and in customer service. Full time and part time roles spread across locations including Phoenix Knoxville? etc. Work from home posts listed in Oregon Washington and Arizona. President Obama to visit Chattanooga facility. Shares fell $5.91 to $306.10.
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Ohio Gas Prices Dip Again As Auto Club Reports
Ohio drivers pay $3.44 per gallon for regular, 11 cents below last week and 19 cents under the national average of $3.63. The national figure falls 4 cents week over week. Analysts expect price rises this summer due to higher demand and crude oil costs.
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Goodyear and Steelworkers Reach Tentative Pact
Goodyear Tire and Rubber Co and United Steelworkers announced a tentative four year labor contract covering about 8,500 employees at six plants including Fayetteville North Carolina where 600 overnight workers prepared to strike before a midnight deadline. Ratification by union members is still needed.
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Hudsons Bay to Acquire Saks Fifth Avenue for 24 Billion
Hudsons Bay Co. agrees to buy Saks Inc. for about 2.4 billion, uniting Hudsons Bay Lord & Taylor and Saks Fifth Avenue into a North American luxury retailer with 320 stores. The deal targets affluent shoppers amid high end brands and designer goods.
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