ExxonMobil reports the biggest quarterly profit by any company, but Wall Street is unimpressed. Economic growth in the second quarter is less than expected. Boeing falls on strike worries. The Dow’s small gain in July is a big improvement over June.
StockScouter, MSN Money’s stock-picking tool, identifies companies with momentum. Health care concerns dominate the August list, which is also notable for an absence of energy companies.
The Securities and Exchange Commission announced today that it has reopened the public comment period on a proposal intended to improve mutual fund disclosure, in order to allow comments on the results of investor testing.
Stocks fall back as the oil giant earns $11.7 billion in the second quarter but misses analysts’ expectations. Deutsche Bank has a huge profit decline. A revised report on GDP shows weaker-than-expected growth. GM may sell Hummer.