The Opening Bell 🔔

It seems chaos in Washington has finally spooked investors. The Dow, Nasdaq and S&P 500 opened down after the Senate failed to pass a ‘skinny’ health care repeal bill.

Shannon Gupta
Jul 28, 2017 · 1 min read

It’s not all bad news: The U.S. economy grew 2.6% during President Trump’s first full quarter in charge. That’s just about what investors were expecting — and much better than the 1.2% reported in the previous quarter.

Oil giants ExxonMobil and Chevron released earnings before the bell. Exxon’s sales came in below investors’ expectations, despite the company doubling its profits compared to this time last year. Chevron impressed with better-than-expected sales.

Tesla will take the spotlight later today when it delivers its first batch of Model 3 cars to customers. The $35,00 Model 3 is Tesla’s first mass-market electric car.

Shannon Gupta

Written by

CNN journalist, 🐶🐱 mom & proud @Columbiajourn alumna. Email me: shannon.gupta@cnn.com.

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