The possibility of a U.S. debt default has investors concerned, sending the markets lower on Wall Street today.
An unexpected drop in durable goods orders also a proving to be a disappointment today, with the Commerce Department reporting a 2.1 drop in June, far worse than the 0.3 percent gain economists were expecting.
Also on the economic front, the Mortgage Bankers Association reported a decline in weekly mortgage applications last week.
In earnings news, Panera Bread (PNRA) announced second quarter earnings that beat estimates, with a 19 percent increase in revenue.
Dow Chemical (NYSE:DOW) reported a better than expected profit in the most recent quarter. Shares of the chemical maker are trading up today.
In the biggest IPO deal of the week, Dunkin Brands (NASDAQ:DNKN) made it's trading debut on the Nasdaq. The company sold $422.75 million worth of shares and plans to use that money to pay off debt.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings results from several pharmaceutical companies, including Sanofi Aventis (NYSE:SNY).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.