Goldman Bets Big on This Reopening Stock

All three indexes are pacing toward weekly losses

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Schaeffer's Midday Market Check
7/16/2021
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Stocks Reverse Gains as Inflation Fears Weigh


By: Jake Scott

Stocks reversed earlier gains brought on by strong retail sales data and mixed earnings reports, as worse-than-expected inflation findings weighed on Wall Street. The U.S. consumer sentiment index reading came in at 80.8 for the first half of July, which is down nearly five points from last month and dashed away economists' hopes that upbeat sentiment would increase. The Dow Jones Industrial Average (DJI) was last seen down 129 points, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) were more modestly in the red. For the week, all three indexes are headed for losses.

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

  • This reopening play is soaring on a Goldman Sachs bull note.
  • Moderna stock hits a fresh high after latest announcement. 
  • Plus, put traders blast GOTU; HyreCar stock set to snap losing streak; and one biotech trading at an all-time low.
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