After soaring at the open and rising more than 1.6% yesterday, the Dow Jones Industrials
As with Apple before it, trading in Facebook
The primary economic data to watch today will be an advance reading on second-quarter GDP. As the broadest measure of U.S. economic activity, the report will offer a glimpse into the blended impact of dampened domestic consumer spending and slowing demand from overseas. Expectations are for growth of 1.5%, a deceleration from the 1.9% growth booked in the first quarter. The report comes ahead of Federal Reserve meetings next week, where policymakers will discuss both the need and the options for additional monetary easing amid a slowing economy.
Dow component Merck
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