Stocks whiff as earnings and economic data pour in
Stocks (^DJI, ^GSPC, ^IXIC) are down at the midday mark, led by the consumer discretionary (XLY) and consumer staples (XLP) sectors, while real estate (XLRE) clings to the green. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Myles Udland and Brittany Jones-Cooper, as well as Thomson Reuters markets reporter Dion Rabouin.
Today on Midday Movers we discuss:
Starbucks shares plunge on earnings, shutters Teavana stores
Second quarter GDP rises to 2.6%
Exxon-Mobil and Chevron both miss on earnings, beat on revenue
Why Americans aren’t investing
Uber’s next CEO
Apple discontinues the iPod Shuffle & Nano
Travel deals for August’s solar eclipse