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U.S. stocks were lower this morning, with the Dow Jones falling over 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.40% to 35,489.70 while the NASDAQ fell 1.40% to 14,084.03. The S&P 500, also fell, dropping, 0.85% to 4,537.84.
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Phillips 66 (NYSE:PSX) reported better-than-expected results for its second quarter.
Phillips 66 reported quarterly adjusted EPS of $3.87, beating the consensus of $3.54. Revenue of $35.74 billion exceeded the consensus of $34.55 billion.
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In commodity news, oil traded up 0.2% to $81.50 while gold traded up 0.1% at $1,981.40.
Silver traded down 0.3% to $24.25 on Wednesday while copper fell 1.2% to $3.8660.
European shares were lower today. The eurozone’s STOXX 600 fell 1.2%, London’s FTSE 100 fell 1.1% while Spain’s IBEX 35 Index fell 1.7% The German DAX declined 1.1% French CAC 40 fell 0.8% and Italy’s FTSE MIB Index declined 1%.
The number of foreign tourist arrivals in Spain rose 10.9% year-over-year to 8.3 million in June, while number of people registering as jobless in the country declined 0.4% to 2.68 million in July.
Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 2.3%, China’s Shanghai Composite Index falling 0.89% and Hong Kong’s Hang Seng Index falling 2.47%. India’s S&P BSE Sensex, meanwhile, fell 1.02%.
The Ai Group Australian Industry Index declined by 2.8 points to -14.7 in July.
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The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,515,730 cases with around 1,169,810 deaths. India confirmed a total of at least 44,995,620 cases and 531,910 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 692,531,690 cases of COVID-19 worldwide with more than 6,903,480 deaths.