Gold Falls Over 1%; Phillips 66 Posts Upbeat Earnings
1. Phillips 66 reported Q2 earnings of $2.38, beating estimates significantly. 2. The company's quarterly sales reached $33.52 billion, exceeding expectations. 3. Overall U.S. stocks increased, with financial shares rising 0.5%. 4. Oil prices declined 0.6% to $65.62 amid broader commodity market dips. 5. Durable goods orders fell 9.3%, indicating potential economic slowdown.