Shares of banks and other financial institutions remained relatively unchanged as investors closely watched the actions of central banks.

US Labor Market Indicates a Slight Softening

The US labor market showed slight signs of easing, with a gradual decline in job openings. This data reinforced the notion that the Federal Reserve is successfully managing the economy and reducing inflation.

According to the Labor Department, job openings decreased by 34,000 to a seasonally adjusted 9.6 million in June, representing the lowest level since April 2021. Conversely, layoffs remained relatively steady at 1.5 million in June.

Congressional Committee Investigates BlackRock and MSCI

BlackRock, the world's largest asset manager, and MSCI, a renowned stock-market-index compiler, are currently being investigated by a congressional committee. The investigation centers around their facilitation of American investments in Chinese companies that the US government has accused of supporting China's military efforts and violating human rights.

HSBC Reports Impressive First-Half Profits

HSBC, the London-based banking behemoth, saw its profits more than double during the first half of the year. This positive trend for HSBC was attributed to higher interest rates.

Enphase Energy Facing Challenges Amidst Solar-Power Slowdown

Lumen Technologies Inc. Reports Mixed Results for Q2

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