Behind BAC's Revenue Miss

Stocks shook off yesterday's inflation concerns

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Schaeffer's Market Recap
7/14/2021
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Stocks Settle Session Flat, S&P 500 Nabs Intraday High


By: Laura McCandless

The market saw a fairly muted session on Wednesday, with investors digesting the first day of Federal Reserve Chairman Jerome Powell's two-day testimony to Congress. Powell didn't state anything unexpected, noting that the central bank has no immediate plans to change its current monetary policies. The S&P 500 managed to eke out another intraday record before settling with a modest win. The Dow and Nasdaq, meanwhile, both hovered below their respective record highs, with the former logging a quiet 44-point pop, and the latter settling in the red. Bond yields continued their downward trend after the testimony, too, while another batch of financial earnings garnered attention.  

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

  • Behind this bank stock's revenue miss
  • YETI could keep heating up this summer. 
  • Plus, fresh coverage for LULU; EBAY nears record highs; and PTON receives a downgrade. 
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