Stocks Higher After Fed Signals September Rate Cut

Written By Timmy Adami

August 21, 2024

MRKT Matrix - Wednesday, August 21st

  • S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut (CNBC)

  • Target shares spike as profits rise, despite cautious sales outlook (CNBC)

  • TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter (CNBC)

  • Macy’s cuts sales forecast as department stores struggle to draw shoppers (CNBC)

  • JD.com Stock Falls, Dragging on Chinese Tech. Why Walmart’s Stake Sale Is a Worry. (Barron’s)

  • Ford Scraps Electric SUV in $1.9 Billion Hit to EV Ambitions (Bloomberg)

  • Crowded Bitcoin Derivatives Bets Spur Warning of ‘Short Squeeze’ (Bloomberg)

  • Nvidia Eyes Return to Record as AI Spending Bonanza Continues (Bloomberg)

  • Charles Schwab Wants to Fix Its Struggling Bank. Investors Are Skeptical. (WSJ)

Timmy Adami
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