Stocks slip to start August as earnings roll in
Wall Street closed modestly lower after an uneasy start to August as investors weigh a heavy slate of earnings and economic data. The S&P 500 fell 0.3 percent, the Dow dipped 0.1 percent, and the Nasdaq slipped 0.2 percent amid sector declines and higher inflation worries.
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Wall Street
Lindsey Bell
Ally Invest
Bell
Dow
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UnitedHealth Group
Intuit
U.S
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Target
Procter & Gamble
Boeing
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Caterpillar
Starbucks
CVS
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Labor Department
Feds sue to block Penguin Random House Simon & Schuster merger
The Justice Department pursues a court challenge to the 2.2 billion deal that would shrink the Big Five publishers to four and may curb author earnings and book choices. The trial in Washington highlights antitrust concerns with author Stephen King as a potential witness.
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Bruce Springsteen
USA
Barack Obama
First grain ship leaves Odesa under UN brokered deal
The Razoni, a Sierra Leone flagged cargo ship carrying over 26 000 tons of corn, departed Odesa signaling the first step under a July 22 Istanbul accord to unblock Ukrainian exports. The deal allows safe corridors and inspections to ensure ships carry only grain and fertilizer. The shipment aims to ease a global food crisis and boost Ukraine’s war torn economy, while observers warn the conflict could disrupt further sailing.
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