What you need to know on Wall Street today

pulse

July 31, 2017 5:56 PM

Hello. Here's what you need to know on Wall Street today.

Snapchat co-founders Bobby Murphy, left, and CEO Evan Spiegel ring the opening bell at the New York Stock Exchange as the company celebrates its IPO, Thursday, March 2, 2017

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.

In other news, to a growing chorus of strategists and investors across Wall Street, the stock market looks like it's headed for a rude awakening, according to Business Insider's Joe Ciolli. In related news, a key short-term boost for stocks has vanished for the first time in 17 years. And traders love the companies that spend the least on employee pay.

In bank news, profits are up at HSBCso the bank is buying $2 billion of its own shares.

In deal news, Discovery Communications is acquiring Scripps Networks Interactive for $14.6 billion in a deal that is expected to boost the combined company's negotiating leverage with pay TV operators at a time when more people watch video online.

lab-testing company just inked a billion-dollar deal for a healthcare company you've never heard of.

things to watch out for in Apple's earnings this week.

Business Insider's Matt DeBord took the Tesla Model 3 for a spin. According to DeBord, the entire world will want this car. You can read a lot more coverage on the Model 3 here.

Lastly, a brand-new restaurant just opened in New York's most famous dining room — here's what it looks like inside.

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