President Barack Obama authorized targeted air strikes in Iraq to protect American personnel and counter Islamic militants this week, which clearly had an impact in the futures heading into the final day of trading for the Week of August 4. Clearly, traders and investors will keep a close eye on the situation as it unfolds leading into the Trading Week of August 11. TheStreet’s Jill Malandrino reports from the floor of the New York Stock Exchange and gets insight from veteran floor broker, Peter Costa of Empire Executions. They also discuss key economic data, earnings in focus and other headline moving events that will drive stocks next week.

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