Evening Market Recap - Monday, 12-July
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US equities finished higher in a quiet session Monday, with the Dow, SandP, and Nasdaq all setting fresh record highs. Value slightly outperformed growth. Broadcom is reportedly in talks to acquire privately held software maker SAS Institute. Liberty Mutual to acquire State Auto Financial for $52 per share. Busy week of macroeconomic data ahead with June CPI expected Tuesday, Fed Chair Powell giving the semi-annual monetary policy testimony to Congress on Wednesday and Thursday, and June Retail Sales data out on Friday. This week also marks the start of Q2 earnings season.
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