Led by Tech, Stocks Rebound (WMT, TWX)

Today the stock market bucked the negative trend of the past seven days, led by the S&P technology index. The S&P 500 as a whole reversed its recent losses. The outlook was not entirely positive, however, as the Bureau of Labor Statistics revealed that unemployment in June increased in 90 percent of the US. In corporate news, an internal memo revealed that Wal-Mart (WMT) lost 2.6 of its in store visits year over year between February and June. Time Warner (TWX) on the other hand, saw a 14 percent increase in its net income in Q2.

Word on the Street

• A seven day loss stream was broken today as markets saw gains.
• In June, unemployment rose in the vast majority of the US.
• Visits to Wal-Mart (WMT) dropped year over year by 2.6 percent.
• Time Warner (TWX) saw a net income increase of 14 percent in Q2.
• The Swiss National Bank cut interest rates to curb the skyrocketing Swiss Franc.
• The White House claims that there is no sign that the recession will double dip.

Interesting Tidbits

• Five actions to take in the wake of the debt deal.
• A look at how to avoid social media failures.

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