The U.S. consumer sentiment report showed a reading of 80.8 for the first half of July
| |  7/16/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Major Indexes Fall Alongside Consumer Sentiment | By: Laura McCandless | | The Dow closed nearly 300 points lower today, after a worse-than-expected U.S. consumer sentiment report showed a reading of 80.8 in July, which is the measure's lowest level since February, and nearly five points lower than the previous month. The report also showed consumers expecting a 4.8% increase in cost of living in the next year, marking the number's highest level since August 2008. The S&P 500 and Nasdaq closed lower as well, as the broader market brushed off several strong earnings reports and a 0.6% increase in U.S. retail sales for June, which is much better than Wall Street's expected 0.4% decline. For the week, all three major benchmarks fell lower, snapping their respective three-week win streaks. Continue reading for more on today's market, including: - The latest Reddit stock short sellers are targeting.
- Intel in the spotlight amid potential billion-dollar buyout.
- Plus, behind FUBO's pop; MRNA set to join S&P 500; and LYV's brand-new bull note.
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