This story is developing. Please check back for further updates.
Click here for the latest on the markets.
Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though new business and employment growth weakened.
Contracts to buy previously owned U.S. homes confounded expectations in June casting a cloud over the housing market recovery.
Economists shaved growth expectations for the second quarter after the June durable goods report revealed weak shipments.
U.S. durable goods orders in June reversed the prior month's sharp drop, and fed hopes for the recovery.
Get the best of CNBC in your inbox