Stocks Open Lower After Retail Sales Rose 1.2% In July

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The stock market opened lower today after retail sales rose 1.2% in July by skleb1234

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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skleb1234 Senate is tanking the market just because they can’t bear to help the unemployed. The $600 helps the bottom to the top of the economic ladder, but it’s “too much” for the poors

skleb1234 If everyone would stop spending money and let the stock market tank, Trump would be rapidly booted. It's the only thing holding him in power. The economy, what impacts most Americans, is already in the sh*tter anyway. Hold onto your money, folks. Eat the rich.

skleb1234

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