U.S. stocks open little changed, as Wall Street digests the latest report from the NABE. The National Association for Business Economics Outlook Survey panel reducing its forecast for real GDP growth down to 2.3% for fourth quarter 2014 to fourth quarter 2015. That estimate was down from 3.1% the group set in March. It says the economy has hit a ‘soft patch’. McDonald’s (MCD) says that a key sales measurement dipped in May, with weakness in the U.S. and some overseas markets. Financial services firm Stifel Financial (SF) announced on Monday a deal to acquire the Barclays’ wealth and investment management franchise in the Americas, which manages about $56 billion in client assets. American Pharoah merchandise is hitting the market after the Triple Crown win Saturday. Fanatics, the nation’s largest online sports retailer is selling Triple Crown shirts for $30. The most eye catching item is a patch of dirt from the race for $80.
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