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.
so that American Family Association boycott of Target just isnt having the effect they had hoped lol