Stocks lost steam in the afternoon, as investors remain worried about the impending debt ceiling deadline. Declines over the past five sessions have put stocks on track for the worst weekly performance in a year. Investors are also looking ahead to Friday's Q2 GDP report. Analysts don't expect much good news. After Thursday's closing bell, Starbucks beat earnings and sales estimates and rose almost 2%.
Friday, July 29, 2011
Losing steam
Stocks lost steam in the afternoon, as investors remain worried about the impending debt ceiling deadline. Declines over the past five sessions have put stocks on track for the worst weekly performance in a year. Investors are also looking ahead to Friday's Q2 GDP report. Analysts don't expect much good news. After Thursday's closing bell, Starbucks beat earnings and sales estimates and rose almost 2%.
