Stock Market Coverage – Wednesday August 17 Yahoo Finance

Share This Post



#bonds #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed
#YahooFinance #investing #stockmarket #bitcoin #crypto
Get the latest up-to-the-minute continuous stock market live stream coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).

U.S. stocks were lower across the board in afternoon trade on Wednesday, with tech stocks leading the way lower but some meme trades still out in full force underneath the surface.

Near 1:00 p.m. ET, the tech-heavy Nasdaq was down 1.3%, while the S&P 500 was off 0.8%, and the Dow down 0.5%.

Retail earnings, retail sales data, and an inflation check from the U.K. all combined to weigh on investor sentiment on Wednesday.

Key retail sales data for July out Wednesday morning showed sales growth was flat from June to July, missing expectations for a 0.1% increase. Excluding autos and gas, sales rose 0.7% in July.

Sales at gasoline stations fell 1.8% in July, an expected decline given the drop witnessed in gas prices over the last few months.

On the earnings side, results from Target showed the company’s quarterly earnings missed expectations as its key same-store sales measures rose 2.6% against expectations for a 2.8% increase in the second quarter.

These results come after Walmart (WMT) reported a better-than-expected quarter on Tuesday, lifting some investor hopes consumer spending may remain durable in the face of rising prices.

On a call with reporters early Wednesday, Target emphasized its optimism for the upcoming holiday season, and said its needed inventory adjustments weighted on second quarter results.

Target shares were down about 2% in afternoon trading.

Shares of TJ Maxx parent TJX (TJX) rose as much as 3.5% on Wednesday, reversing earlier losses that followed the company’s quarterly report out in the morning that showed second quarter sales missed estimates.

Inflation data from the U.K. out Wednesday also showed consumer prices rose 10.1% in July, with some banks now expecting inflation in the U.K. to hit 15% next year. Though recent data suggests a moderation in U.S. inflation pressures, European consumers and businesses do not appear out of the woods just yet.

Elsewhere, investors will continue to keep a close eye on energy markets, with WTI crude oil futures settling at their lowest level since January 25 on Tuesday. WTI futures were up about 1% on Wednesday afternoon.

The meme stock rally also continued early Wednesday, with shares of Bed, Bath & Beyond (BBBY) up 20% in afternoon trade after shares rallied 29% on Tuesday. During Tuesday’s trading session shares were halted at least twice for volatility.

After the market close on Tuesday, Ryan Cohen’s RC Ventures disclosed it holds call options on 1.6 million shares of Bed, Bath & Beyond, with strike prices between $60-$80. Shares were trading at around $25 early Wednesday.

Elsewhere in market oddities, Elon Musk was at it again late Tuesday, tweeting that he was going to buy English football club Manchester United (MANU) before clarifying the tweet was a joke. Man U has started its Premier League season with two embarrassing losses and currently sits in last place.

Bloomberg later reported the Glazer family, which owns the football club, would consider selling a minority stake.

The S&P 500 on Tuesday also traded up to its 200-day moving average, a long-term technical indicator that broadly points to a security’s overall trend. The S&P’s 200-day is currently declining and stands at around 4,323, a level the index hit on Tuesday and immediately traded lower from before closing at 4,305.

For more on this article, please visit:

Related Posts

FTC Finalizes Order Against Motocross and ATV Parts Maker Cycra for False Made in USA Claims

The Federal Trade Commission has finalized its order against...

The Good Dog Foundation to Ring NYSE Closing Bell

Bell ringing will mark the 25th anniversary of the foundation's work

The Good Dog Foundation, a non-profit dedicated to training and deploying therapy dogs to help adults and children recover from stress, trauma, and disease, today announced that Rachel McPherson, Founder, along with two therapy dogs - Magnus and Atticus - will ring the closing bell at the New York Stock Exchange (NYSE) today, Friday, June 2, 2023, at 4:00 p.m. ET.

"At The Good Dog Foundation, we believe in the healing power of the human-animal bond. Therapy dogs, when trained properly, offer uniquely effective nonverbal, nonjudgmental support for those in need of stress relief, morale boosting, or emotional healing," said Rachel McPherson, Founder of The Good Dog Foundation. "Ringing the closing bell at NYSE is a wonderful way to honor our 25th year and reflect on the meaningful work our therapy dogs have done. I am so proud of The Good Dog Foundation and the thousands of therapy dogs and their owners who are making a difference in lives every day."

About The Good Dog Foundation

For 25 years, The Good Dog Foundation has trained and deployed thousands of therapy dogs to help adults and children recover from stress, trauma and disease or cope with disabilities and learning issues. Founded on the belief in the healing power of the dog to human connection, Good Dogs have provided services to hospitals, colleges, nursing homes, disaster relief efforts as well as corporate partners. Learn more at https://thegooddogfoundation.org.

Contact Information:
Bruce Fagin
Executive Vice President, The Good Dog Foundation
info@thegooddogfoundation.org
(888) 859-9992


Original Source: The Good Dog Foundation to Ring NYSE Closing Bell

Hard Asset Management Puts a Strong Buy on All Varieties of $4 US Rare Coin Stella Patterns

Hard Asset Management Highlights Stellar Growth in Gold Stella Coin Market as Investment Potential Surges SAN JUAN, Puert...

FTC, DOJ Issue Summary on Joint Pharmaceutical Merger Analysis Workshop

The Federal Trade Commission and the U.S. Department of...

The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

The free one-day festival featuring today's visionary thought leaders will take place online on June 9, 2023

The Global Healing Festival by Embodied Black Girl returns for its fourth annual festival on June 9, 2023. The festival is the first of its kind and nourishes the healing and liberation of Black women and women of color while enlivening culture change and making wellness, somatics and mental health more accessible to the communities that need it most. 

Every year the free grassroots virtual festival attracts thousands of participants around the world, primarily through word of mouth.  

Curated by the global wellness and leadership education platform, Embodied Black Girl, the day-long online, interactive and immersive festival experience, includes in-depth workshops and thought-provoking conversations with today's leading visionary cultural shapers.

This year's theme, The Future is Embodied: The Rest-volution, is an invitation to enter the dream space and leave grind culture behind. In spite of the grim statistics and policies that impact Black women in particular, we root for a vision of joy, hope and self-determination.

In keeping this festival free through the years, our hope is to make wellness, somatics and mental health more accessible to Black women and folks of color and, in turn, create a world where we are seen, held and empowered. In this space, rest is life and our bodies transform into revolutionary portals and oracles for liberation. 

The festival will be hosted by Embodied Black Girl founder Thérèse Cator, who'll be joined by honored guests: 

  • Tricia Hersey, founder of The Nap Ministry and NYT Bestselling Author of Rest is Resistance 
  • Dr. Jennifer Mullan, founder of Decolonizing Therapy and author of the forthcoming book Decolonizing Therapy: Oppression, Historical Trauma and Politicizing Your Practice (W. W. Norton & Company)
  • Tigidankay "TK" Saccoh, founder of The Darkest Hue, a digital platform that centers the experiences and perspectives of dark-skinned Black girls, women, and femmes 
  • Natalee Facey, Resilience Coach and Birth Doula 

The festival will explore questions like…

  • How does rest support our individual and collective liberation?
  • How can we move beyond a cognitive understanding of rest to an embodied knowing of rest?
  • How can we foster deeper embodiment while having difficult and necessary conversations within our family and communities?
  • What dreams are we here to birth and nurture that will support personal and communal thriving?

For more information and to register to attend, please visit https://embodiedblackgirl.com/ghf-2023/.

Contact Information:
EBG Press
hello@embodiedblackgirl.com


Original Source: The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest
green agriculture project
- Part of VUGA Media group -best seo company