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U.S. Markets

Cisco (CSCO) management says around 4-5 points of the acceleration came from price increases, implying underlying ex-hyperscale growth of roughly 14-15%; Orders rose 35% in the quarter; excluding hyperscale, the rest of the business still rose 19%

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)