Session Ends in the Green

Indices ended in the green zone Wednesday. MasterCard, Coca-Cola and General Electric stood out among advancers on the Dow. Brands lifted amid a variety of economic news. Service industry growth slowed in July. The Institute for Supply Management’s nonmanufacturing index slipped from 53.3 to 52.7. The reading was roughly in line with expectations. In earnings action, IntercontinentalExchange said second-quarter net income jumped 19%. Earnings hit $121.4 million, or $1.64 per share, up from $101.7 million, or $1.36, a year ago. MasterCard reported a 33% increase in second-quarter profit. Earnings hit $608 million, or $4.76 a share, up from $458 million, or $3.49 a year earlier. On another note, numbers from ADP Employer Services showed the economy added 114,000 payrolls in July. The Labor Department will issue official employments numbers on Friday. 

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