Traders are also eyeing strong July retail sales
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| | 8/15/2019 | |
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Dow Higher With Walmart; Cisco Drags Down Nasdaq | By Lillian Currens | | The Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen higher on a bigger-than-anticipated rise in July retail sales and better-than-expected earnings from Walmart (WMT). Traders are also eyeing a 2.3% increase in second-quarter productivity. However, disappointing earnings from Cisco Systems (CSCO) are keeping the Dow's gains in check, and dragging the tech-rich Nasdaq Composite (IXIC) into the red. Meanwhile, the S&P 500 Index (SPX) is modestly higher, despite news that whistleblower Harry Markopolos accused General Electric (GE) of fraud. The stock has dipped nearly 10% as a result. Continue reading for more on today's market, including: - Why J.P. Morgan Securities is buying this e-Pay stock's latest dip.
- The retail stock hitting new lows ahead of earnings.
- Plus, the weed stock attracting options traders; SINT stock surges on a Nasdaq nod; and the oil stock at all-time lows.
| >> Continue reading... | |
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