Video TranscriptLet's take a look at how stocks are moving right now. Taking a look first and foremost at the S&P 500, you've got a solid look at some declines right there. It's down by about 0.5%. After a long week of data and earnings, we had retail sales post a major surge for the month of July, driven by an Amazon Prime Day perhaps that fueled a boost in e-commerce sales.
We also had the Fed minutes driving yields higher this week, as fears of sticky inflation raised investors alarm bells about the possibility of further rate hikes.Whew, A lot to consider. Let's take a look at individual names as well. We are watching Hawaiian Electric. That stock is seeing a bit of a bounce. That's after an upgrade from Wells Fargo to equal weight from underweight and this comes after the utility company said in a regulatory filing that it does not plan to restructure.
Now this comes after the company warned last week it has substantial doubts that it can survive as is. It listed that in its risk factors and that its survival hinges on a return to profitability over the next 12 months.