A daily morning look at the financial stories you need to know to start the day.
STOCKS/ECONOMY
-The market is a bit lower Wednesday morning after Tuesday’s gains brought the S&P and NASDAQ to record high closes.
-Mortgage applications rose nearly 10 percent last week on the lowest rates in almost a year.
CHIP DEAL
-Bain Capital and a group of other buyers including Apple have agreed to buy Toshiba’s computer chip business for $18 billion.