Slight Gains

Indices closed in the green zone on Monday. Brands posted gains amid a variety of economic news. The National Association of Realtors reported a dip in existing-home sales levels. Sales slipped to an annual pace of 5.08 million in June from a downwardly revised rate of 5.14 million in May. Though existing-home sales remain well above year-ago levels, economists were expecting sales to hit 5.25 million in June. Meanwhile, McDonald’s took a breather today after the fast-food titan reported second-quarter earnings and revenue that missed expectations. Elsewhere, Netflix released earnings results after the closing bell. Second-quarter net income climbed to $29.5 million, or 49 cents share, from $6.16 million, or 11 cents, a year ago. Sales jumped by 20% to $1.07 billion, as expected, from $889.2 million last year. Looking ahead, earnings season continues this week with a slew of technology brands such as Apple, Facebook, Amazon and Texas Instruments set to announce quarterly data.

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