KEEPING SCORE: The Hang Seng in
SORRY SAMSUNG: Shares of South Korean consumer electronics kingpin Samsung dived 4 percent after it reported a bigger-than-expected fall in second quarter profit on slowing smartphone sales. Cheaper upstarts such as
FED FOCUS: Federal Reserve policymakers said the central bank would make further cuts to its monthly bond purchases, a program that is intended to keep long-term interest rates low and encourage borrowing and spending. At the current pace of cutbacks, the Fed's bond purchases will end in October.
U.S. GROWTH: The U.S. economy expanded by a better-than-expected 4 percent in the second quarter after a severe winter hit the first quarter's growth. Even so, it was a robust outcome for the world's largest economy.
BUSY WEEK: It's a busy week for economic news. Besides the Federal Reserve meeting and U.S. growth numbers, there's a report on
OIL, CURRENCIES: Benchmark U.S. crude for September delivery dropped
WALL STREET: The Dow Jones industrial average slipped 0.2 percent to close at 16,880.36. The Standard & Poor's 500 ended with a tiny gain of 0.01 percent at 1,970.07.
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