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Today's Commentary
 
Thursday, July 24, 2014


Stocks took diverging paths yesterday, with the S&P 500 Index (SPX) notching a new all-time high and the Nasdaq Composite (COMP) rallying in the wake of some solid, high-profile tech earnings. The Dow Jones Industrial Average (DJI), on the other hand, was dragged lower by a poorly received earnings report from The Boeing Company (NYSE:BA) and more expired-meat drama for McDonald's Corporation (NYSE:MCD).

In addition, a downwardly revised U.S. economic growth forecast from the International Monetary Fund (IMF) -- not to mention lingering geopolitical concerns -- kept blue-chip buyers on the sidelines, with the Dow settling on a 27-point drop.

 
  


 
 
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