Stocks Open Lower After Retail Sales Rose 1.2% In July

The Dow Jones Industrial Average was down 0.3%, nearly 100 points, at Friday’s open, while the S&P 500 was down 0.2% and the tech-heavy Nasdaq Composite was flat.

The S&P has spent much of the week flirting with a new all-time high, attempting to overtake its previous record of 3,386 set back in February., which was lower than the 2.3% expected, according to the Commerce Department.” and unable to agree on the next coronavirus stimulus bill: It could take weeks for an agreement to be reached, as Congress has now adjourned for the month.

House Speaker Nancy Pelosi said she won’t restart discussions until Republicans increase their coronavirus aid offerShares of companies that would benefit from a reopening of the economy—including airlines and cruise operators—fell again on Friday.from a 30% drop in its history, according to data compiled by Ned Davis Research.to review the phase one trade deal via a video call on Saturday.

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Travel stocks drag Europe lower after fresh UK quarantine ruleEuropean shares slid in thin summer trading on Friday as travel stocks took a hit after Britain added more countries from the continent to its quarantine list, while weak retail sales data from China raised doubts over the pace of an economic recovery. drag down hmm...KAG If travel stocks are going to go down as much with each travel ban (restriction) and quarantine news, they may soon hit zero The Winter is coming... But, the market did not realize (!) it until today... So surprising! investing trading stocks
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »