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Stocks whiff as earnings and economic data pour in

Stocks (^DJI^GSPC, ^IXIC) are down at the midday mark, led by the consumer discretionary (XLY) and consumer staples (XLP) sectors, while real estate (XLRE) clings to the green. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Myles Udland and Brittany Jones-Cooper, as well as Thomson Reuters markets reporter Dion Rabouin.

Today on Midday Movers we discuss:

  • Starbucks shares plunge on earnings, shutters Teavana stores
  • Second quarter GDP rises to 2.6%
  • Exxon-Mobil and Chevron both miss on earnings, beat on revenue
  • Why Americans aren’t investing
  • Uber’s next CEO
  • Apple discontinues the iPod Shuffle & Nano
  • Travel deals for August’s solar eclipse