The Airline Stock Grounded After a Double Downgrade

Earnings wins from Target and Lowe's continue to boost stocks

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Midday Market Check
MIDDAY MARKET CHECK
 
 

8/21/2019
unit
Dow Gains 260 Points Ahead of Fed Minutes

By Lillian Currens

Share On

Strong earnings from the retail sector are boosting stocks today. Specifically, earnings wins from Target (TGT) and Lowe's (LOW) have helped put the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) back in the black, while the Dow Jones Industrial Average (DJI) is up 260 points at midday. Traders are also digesting strong housing data, with existing home sales posting their first year-over-year gain in 17 months in July. Meanwhile, investors are awaiting this afternoon's Fed meeting minutes, which precede Fed Chair Jerome Powell's speech from Jackson Hole on Friday. 

 Continue reading for more on today's market, including:

  • The airline stock crashing on a double downgrade. 
  • The overseas deal that's saving this struggling pot stock. 
  • Plus,options traders bombard TGT; LEDS stock surges on an investment; and an earnings flop has JMIA stock slipping.  
>> Continue reading...
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