The Latest Reddit Stock to Watch

The U.S. consumer sentiment report showed a reading of 80.8 for the first half of July

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Schaeffer's Market Recap
7/16/2021
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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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