Stock Rally Takes A Breather

Written By Timmy Adami

August 20, 2024

MRKT Matrix - Tuesday, August 20th

  • S&P 500 tracks for first losing day in 9 as comeback rally takes a breather (CNBC)

  • Lilly’s Zepbound Cut Risk of Diabetes by 94% in Obese People (Bloomberg)

  • Lowe’s cuts full-year outlook as it expects weaker home improvement sales (CNBC)

  • Boeing pauses tests of 777X aircraft after finding damage to one of the jets’ structures (CNBC)

  • Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis (WSJ)

  • Share of Job Seekers Highest Since 2014 (Federal Reserve Bank of New York)

  • Food Industry Pushes Back Against Kamala Harris’s ‘Price Gouging’ Plan (WSJ)

  • The economy-wide bullwhip effect (Axios)

Timmy Adami
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