The retail sector was a pillar of strength today
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| | 8/21/2019 | |
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Dow Rises with Retail, Fed in Focus | By Josh Selway | | The Dow posted a strong upside move today, making up yesterday's losses and then some. Driven by impressive earnings out of Lowe's (LOW) and Target (TGT), the retail sector shined, while there was broad strength in tech, as well. Investors also monitored updates on the economic front, including positive home sales numbers and the Fed's July meeting minutes. The central bank's notes reiterated the stance that the rate cut was a "mid-cycle adjustment" and not part of a "pre-set course." Continue reading for more on today's market, including: | >> Continue reading... | |
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