Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Monday, July 8. Major U.S. stock indexes declined, with the Dow Jones Industrial Average down 0.4%, the S&P dropping 0.5% and the NASDAQ Composite off 0.8%. Deutsche Bank fell more than 5% after announcing that the company will reduce its global headcount by nearly 20,000 employees. Also making headlines, Procter & Gamble unveiled its new Zevo bug control product offerings. Unlike Johnson & Johnson’s Raid, Zevo’s active ingredients are “bio-selective” and approved for use around children and pets.
