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Dow poised for new record high

The Dow is poised for a new all-time high as strong earnings reports roll in (^DJI, ^GSPC, ^IXIC). Plus,  Scaramucci is out as White House communications director. Is Wall Street on the outs too?
And, where’s the retail investor putting money to work? We break down the data and which sectors are poised for gains. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer.

Winners and losers

Stocks getting a lift today include Dynavax as the FDA gave approval for the drugmaker’s hepatitis B vaccine; Covanta as BMO Capital upgraded the waste management firm to outperform with a $17 price target; and Charter, with shares of the cable operator jumping on reports that Softbank is planning a direct bid for the company.

Stocks getting hit today include Clovis Oncology as investors believe its collaboration with Bristol Myers suggests Clovis will not get acquired in the near term; Coach as Jefferies downgraded shares to ‘hold’ claiming positive catalysts were already priced in; and Tesla, despite first deliveries of the Model 3 this weekend, with shares dropping today as investors question how Tesla can produce all the vehicles it has promised.

Trading the markets

Timing is everything, as they say. And nowhere is that more apparent than in investing. As we begin the second half of the year and push through another earnings season, what have investors been buying—and where should they be positioned? Joining us now for more is Heather Knight, vice president and regional brokerage consultant at our sponsor Fidelity Investments.

Retailers prep for back-to-school shopping

They are the three most dreaded words of summer. No, not “chance of thunderstorms” or even “flight is delayed.” It’s “back to school.” Tomorrow starts August, and data from RetailMeNot, the online savings site, shows consumers are likely to do the bulk of their spending this month. What does this mean for the quickly shifting retail landscape and investors? Marissa Tarleton, chief marketing officer at RetailMeNot joins us to discuss.