U.S. Economy Picks Up Pace in 2Q


U.S. stocks showed signs of indecisiveness on the second-to-last trading day of July after data showed the economy picked up its pace in the second quarter, growing at a 2.3% rate. The S&P 500 ended flat, as the Dow slipped five points and the Nasdaq closed up 17 points.

Social media giant LinkedIn reported second quarter earnings after the bell. The company, a favorite with working professionals, beat on both the top and bottom line and said subscription revenue grew 22% to $128 million.

Continue Reading Below

As much of the nation is gripped by broiling temperatures, a brand new report out of the United Kingdom warns the conditions are ripe for planet Earth to be squarely in the path of what could eventually be a killer solar flare. The report indicates the world will have just 12 hours warning before mass chaos that could leave 130 million people without power for years.

What do you think?

Click the button below to comment on this article.