U.S. Equities Little Changed as Mondelez Offsets Facebook, P&G
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U.S. stocks were little changed as better-than-estimated earnings from Mondelez International Inc. helped offset results that disappointed from Facebook Inc. and Procter & Gamble Co.
Facebook dropped 1.8 percent after second-quarter spending jumped 82 percent. P&G retreated 4 percent after forecasting sluggish sales and profit growth. Whole Foods Market Inc. tumbled 12 percent after cutting its sales forecast. Mondelez added 5 percent as quarterly profits beat estimates, and Western Digital Corp. jumped 10 percent.