The Dow lost 94 points on Tuesday
| 6/15/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Economic Data, Fed Anticipation Weigh on Stocks | By: Lillian Currens | Stocks took a step back today, as the highly anticipated Federal Reserve meeting kicked off. Investors are keeping a close eye on tomorrow's commentary, which is expected to drive market direction depending on the tone the Fed takes regarding tapering and monetary policy. Economic data also weighed on markets today. There was a worse-than-expected decline in retail sales for May, while producer prices saw their most accelerated year-over-year rise on record. The Dow and Nasdaq both saw substantial losses, with the former shedding 94 points and the latter snapping a three-day win streak. The S&P 500 also sank and lost a three-day streak of its own, while distancing itself from yesterday's record highs. Continue reading for more on today's market, including: - One short seller just ripped DraftKings stock apart.
- Is CVS stock ready for a comeback?
- Plus, SAGE sinks on drug data; why FAST slowed down; and XOM nabs bull notes.
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