It was a down day for the markets with stocks edging lower after minutes from the latest Federal Reserve meeting were released in which officials said they were concerned about the strength of the U.S. economy.
On the economic front, the Commerce Department said the US trade deficit narrowed to $48.7 billion in May, which was in line with expectations.
Meanwhile the Mortgage Bankers Association is reporting a drop in weekly mortgage applications, despite record low interest rates.
HHGregg (NYSE:HGG) forecast a wider loss than expected for its first quarter, due to an unexpected drop in sales, sending shares lower today.
Shares of Best Buy (NYSE:BBY) also fell in reaction to the news.
Goldcorp (NYSE:GG) is among the list of companies that have lowered their guidance in the past few days. Shares of the Canadian mining company plummeted today.
Tomorrow, we'll take a look at weekly jobless claims as well as earnings results from Fastenal (NASDAQ:FAST).
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