Market Wrap: Pending Sales Slide in June; Herbalife Hit on Q2 Results, Outlook; Netflix...Yada, Yada, Yada...Seinfeld? - InvestingChannel

Market Wrap: Pending Sales Slide in June; Herbalife Hit on Q2 Results, Outlook; Netflix…Yada, Yada, Yada…Seinfeld?

Market wrap for July 28th

End of the Day: S&P 500 up 0.6 to 1,978.91; Dow Jones up 22.0 to 16,982.59; Nasdaq down 4.7 to 4,444.91

* The Pending Home Sales Index declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (110.8). (The Street consensus was looking for a dip of 0.8 percent.) Despite June’s decrease, the index is above 100 – considered an average level of contract activity – for the second consecutive month after failing to reach the mark since November 2013 (100.7).

* Zillow