In the news:
- Business as unusual for sanguine Argentines in default deja vu9:35 PM ET | Reuters
- Congress votes final passage on highway bill9:30 PM ET | AP
- Trump selected to advance in Bills' sale process9:23 PM ET | AP
- U.S. Senate passes $16.3 billion veterans health bill9:15 PM ET | Reuters
- China July official PMI rises to 51.7 from 51 in June9:15 PM ET | Reuters
- REFILE-China July official PMI rises to 51.7 from 51 in June9:13 PM ET | Reuters
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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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