progress in debt ceiling negotiations. in fact, after the bell, standard & poor's warned even if lawmakers do reach a deal, the risk the u.s. will loose its aaa credit rating in next three months has risen considerably. news corp fell 3% after the fbi said it would investigate the phone hacking of 9/11 victims. jpmorgan chase rose after reporting higher than expected profit. after hours, google shot up 12% on earnings that blew past all expectations. conoco phillips rose after the country's third largest oil company said it would split in two, one an oil producer, the other a refiner oopsz. on the data front, last week unemployment applications fell to a three-month low. wholesale prices last month had their biggest fall in a year and a half. but june's retail sales barely rose. bhp bill ton is buying petro
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