- The S&P 500 and Nasdaq were headed for slightly higher opens Thursday, one day after their worst single-session performances since 2022. Tech stocks again led the way lower Wednesday.
- Thursday morning the government reported the U.S. economy grew at a 2.8% pace in the second quarter, which was much more than expected. The Fed’s favorite inflation gauge is out Friday.
- West Texas Intermediate crude fell 1.5% to just over $76 per barrel on demand concerns. WTI, the American oil benchmark, broke a four-session losing streak Wednesday.
- Ford delivered an extremely disappointing quarter late Wednesday. The Club stock dropped 13%. No more excuses. Two things: Warranty issues again and no stock buyback like General Motors. The company favors the dividend over appreciation.
- Stellantiscut guidance and saw weak demand. Shares of the Chrysler and Jeep parent company dropped 8%. Prices too high. The story Tuesday at GM was more favorable yet the stock still fell …
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