Stock Market Coverage – Wednesday August 24 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 struggled for direction at Wednesday’s open as investors awaited clarity from Federal Reserve policymakers on their monetary tightening plans against a backdrop of downbeat economic data.

The S&P 500 was just below breakeven at the start of trading after the benchmark index fell for three straight sessions. The Dow Jones Industrial Average slipped 50 points, or roughly 0.2%, while the Nasdaq Composite was flat.

Peloton (PTON) shares surged as much 13% in after the company said it struck a deal to sell its fitness equipment and apparel on Amazon in an effort to turn its business around and regain investor confidence.

Investors are on edge over the central bank’s annual symposium in Jackson Hole, Wyoming later this week, where officials are likely to reiterate the Fed’s commitment to fighting inflation and curb hopes for rate cuts next year.

Despite messaging from Federal Reserve speakers in recent weeks affirming rate increases will continue into the year end, the market is still pricing a dovish pivot, Baird Investment Strategy Analyst Ross Mayfield told Yahoo Finance Live.

“I do think that all of their jawboning and hawkishness over the past couple of weeks is starting to show up,” Mayfield added. “But you still have a market that I’m not sure quite believes they’ll stick to it as the economy slows through next year.”

At the end of the Fed’s Wyoming meeting, traders will tune in for remarks from Chair Jerome Powell for clues on whether the next policy announcement September 21 will result in another 75 basis point rate hike or an eased increase of 0.50%.

Meanwhile, shares of Nordstrom (JWN) plunged nearly 15% after the department store giant trimmed its guidance for full-year sales to a range of 5% to 7% Tuesday afternoon on slower demand and a buildup in inventory. The move comes just three months after the company raised its outlook.

“The lower-income customer segments saw significantly more pullback versus higher income segments,” Chief Executive Officer Erik Nordstrom during Tuesday’s earnings call, pointing to specific deceleration in the store’s discount Rack business.

The earnings season has winded down, but more earnings are in store for traders, with reports out of Nvidia (NVDA) and salesforce.com (CRM) due out Wednesday.

In commodity markets, crude oil futures continued to gain after Saudi Arabia on Tuesday suggested the OPEC+ alliance may make possible cuts to production. WTI crude oil futures climbed roughly 1.2% to hold above $94 per barrel, while Brent crude oil futures rose by the same margin to top $101 per barrel.

For more on this article, please visit:

Related Posts

XINSURANCE Sponsors 2 TFR racing team powerboats in the RWO P1 and OPA racing circuit

XINSURANCE primary sponsor of racing team at Race World Offshore (RWO) P1 and Offshore Powerboat Racing (OPA) circuit MIA...

Study Reveals the 8 Best Photos to Use in Your Dating Profile

LOS ANGELES, March 20, 2023 (Newswire.com) - A new study, conducted by The Match Lab, has revealed the eight best types of photos to use in a datin...

TruPro Elites Launches eCommerce Consultant Program for Business Owners

The new program allows entrepreneurs to leverage TruPro Elites' outsourced eCommerce experts to set up, manage and scale an Amazon marketplace

More and more entrepreneurs turn to Amazon each year to set up marketplaces for their businesses or start side hustles to earn passive income. Now, through the help of TruPro Elites, an Atlanta-based eCommerce consulting agency, entrepreneurs can leverage eCommerce experts to automate and scale a business and grow its revenue.

According to Forbes, more than 100,000 brands joined Amazon in 2021 alone, resulting in over 3.9 million products sold and an average of $200,000 in annual sales per seller.

"There is no better time than now for people to launch their own eCommerce businesses," said Anthony Wilson, CEO of TruPro Elites. "Whether it's a brand trying to increase online sales, an entrepreneur trying to bring a new product to market or just someone looking for passive income to save for retirement or increase their net worth, eCommerce businesses are a lucrative way to generate revenue."

Small and medium-sized business owners all face the same challenge of balancing running their business and having time outside of work. TruPro Elites helps individuals to achieve financial freedom by conducting product and supplier research, supply chain management and leveraging their team of eCommerce experts to launch and scale Amazon FBA marketplaces without huge time or monetary commitments.

"Starting an eCommerce business can be tricky to do on your own, but because we have helped to launch and scale over 100 Amazon stores, we have been able to unlock the secrets to ensuring success," Wilson said. "We help to identify the right products, audiences and setups to allow for people to earn passive income that yields consistent results and predictable returns in just a few hours per month."

Previously, in order to successfully launch an eCommerce brand, individuals or businesses would have to devote years of training or costly resources and hours to ensure a return on investment, or they would have to give away a percentage of sales on a revenue-share model.

Through TruPro Elites, now people can leverage unique insights and tap into dedicated experts who manage every aspect of an Amazon marketplace. TruPro Elites identifies a product, sets up the marketplace and connects entrepreneurs with a dedicated "Store Manager" who helps provide resources and training and teaches the business owner how to optimize and scale before handing it back over for day-to-day management.

Interested entrepreneurs or individuals looking to get started can sign up for a complimentary consultation call with a TruPro Elite expert by visiting TruProElites.com.

About TruPro Elites

TruPro Elites is an Atlanta-based e-commerce consulting agency established in 2021. Our goal is to assist individuals in achieving long-term sustainable financial freedom by providing reliable passive income options that yield consistent results and predictable returns. Our proven expertise has helped create over 100+ Amazon stores, and our motto "Trust the Process" reflects our commitment to achieving the best results for our clients. Our team coaches and trains individuals to successfully run their own Amazon storefronts, using a calculated approach to determine the right products to feature and sell, along with offering done for you and placement services. Choose TruPro Elites to guide you on your path to financial independence.

Contact Information:
Mike Albanese
mike.albanese@newswire.com


Original Source: TruPro Elites Launches eCommerce Consultant Program for Business Owners
green agriculture project
- Part of VUGA Media group -best seo company