Stocks Higher Ahead of Fed Minutes – NASDAQ.com
Rival Home Depot ( HD ) moved sharply higher on Tuesday after reporting better than expected second quarter results and raising its full-year earnings guidance. Nonetheless, trading activity may be somewhat subdued ahead of the release of the minutes of the Federal Reserve’s latest monetary policy meeting this afternoon. Traders are likely to closely analyze the minutes for clues as to how soon the Fed will begin to consider raising interest rates. Stocks turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The markets benefited from a positive reaction to the latest U.S.
Stocks open lower after two straight gains – Yahoo Finance
Stocks in the U.S. and Europe have recently staged a recovery from a mid-July pullback, which was sparked by a bout of geopolitical fears and concerns about the end of the Fed’s loose monetary policy. As of Tuesday’s close, the Dow was off 1.3% from its July 16 record and the S&P was just 0.3% below its July 24 record. European stocks were mostly lower, with the Stoxx Europe 600 Index down 0.1% in recent trading.
Stocks Showing A Lack Of Direction In Early Trading Best stock to purchase – U.S. Commentary – NASDAQ.com
Among individual stocks, shares of Target ( TGT ) came under pressure at the start of trading but have shown a substantial turnaround since then. The rebound by Target comes even though the troubled retailer reported weaker than expected second quarter earnings and cut its full-year profit guidance. Home improvement retailer Lowe’s ( LOW ) also fell sharply at the open after lowering its forecast for full-year sales growth, but the stock has shown a significant recovery since then. On the other hand, shares of Hertz (HTZ) remain firmly in the red after an initial sell-off.
The Dow Jones industrial average fell eight points, or 0.1 percent, to 16,911 as of 9:35 a.m. Eastern time Wednesday. The Standard & Poor’s 500 index fell two points, or 0.1 percent, to 1,979. The Nasdaq composite lost seven points, or 0.2 percent, to 4,520.