Q2 GDP mildly disappointed, but with a strong revision to Q1. Jobless Claims printed at Consensus.
1) Major equity indices closed nearly unchanged, with the NASDAQ Composite in the lead. Volume was above 2015 norms, but below what we’ve seen in the immediately recent past.
2) The Energy sector was the day’s weakest performer on lousy earnings, and soft oil prices.
3) Utilities were your top performers as a direct result of strength in the Treasury market.