Stocks Mixed as Investors Digest Economic Data, Company Earnings, and Commodity Prices
- Global dividends reached a record high in the second quarter, driven by strong payouts from banks.
- Oil prices rose due to Hurricane Idalia's imminent landfall in Florida, threatening production.
- Bitcoin saw a bump from Grayscale purchases but remains below key technical levels.
- Some suggest hedging stock exposure as uncertainty persists in markets.
- HP shares plunged after the company cut its earnings outlook, becoming the S&P 500's worst performer.