Schaeffer's Market Recap The Fed meeting and U.S.-China trade talks are just two things in focus this week
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| | 7/29/2019 | |
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Dow Outperforms Ahead of Busy Week on Wall Street | By Karee Venema | | It was a choppy start to a busy trading week, as speculators looked ahead to a crowded economic calendar -- which includes this week's Fed meeting -- as well as the latest round of U.S.-China trade talks. And at the start of a jam-packed earnings docket, blue chip Pfizer (PFE) dropped after the pharmaceutical concern lowered its full-year guidance and said it will merge its off-patent medicines division with generic drugmaker Mylan (MYL). While the Dow managed to brush off these headwinds to close higher on Intel (INTC) and Johnson & Johnson (JNJ) strength, the S&P and Nasdaq retreated from Friday's record highs as FANG stocks dropped. Continue reading for more on today's market, including: | >> Continue reading... | |
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