- Four out of five companies in the S&P 500 reported a continued 1.7% growth in earnings for the second quarter of 2013, and the S&P index hit a record high last Friday of 1,709.67.
- Hourly earnings for average Americans slipped by 2 cents to $23.98, in the jobs and wages report of July. Over the past year, hourly earnings have risen only 1.9 percent, which is considered flat or declining when adjusted for inflation.
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August 5, 2013