U.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe...
Together their shares helped the retail index .SPXRT rise 1.91% and consumer discretionary sector .SPLRCD 1.48%, the most among the major S&P sectors.
“A significant rally will be difficult until traders have clarity on the Fed’s policy path,” Edward Moya, senior market analyst, at OANDA said. U.S.-China trade tensions have taken a turn for the worse since the Fed’s move last month, adding to economic risks and putting in focus comments from major central bankers like Jerome Powell and Europe’s Mario Draghi at the Jackson Hole symposium.
“I think there is an expectation that there will be a dovish tone but I am not sure if he is going to offer that,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Target shares open at record after blowing out Wall Street estimates for the second quarterTarget shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.
Baca lebih lajut »
Rob Lowe lowers the price of his Montecito mansion to $42.5 millionRob Lowe is sweetening the deal in Montecito. With no takers at $47 million, the actor has cut the price of his mansion down to $42.5 million.
Baca lebih lajut »
Target will take a bite out of its grocery competition with Good & Gather, experts sayTarget's new food label hits shelves Sept. 15, with more than 2,000 products expected by the end of 2020.
Baca lebih lajut »
Target CEO: US consumer confidence 'remains strong'Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.
Baca lebih lajut »