The Dow fell 106 points from Friday's record close
| 8/09/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Retreats from Friday's Record Highs | By: Jake Scott | To kick off the week, the Dow pulled back from Friday's record highs, falling around 106 points as concerns surrounding global economic growth and rising Covid-19 cases weighed on investor sentiment. Unsurprisingly, reopening stocks took a hit today, especially Norwegian Cruise Line (NCLH), following a ruling from a federal judge allowing the company to require proof of vaccination from passengers. The S&P 500 closed just below breakeven, erasing some of its earlier losses as investors mulled over a 5,000 price target for the index initiated by Credit Suisse. A record-setting jump in U.S. jobs openings was largely overlooked, though the Nasdaq notched a modest win, buoyed by a fresh upgrade for Tesla (TSLA). Continue reading for more on today's market, including: - Why bulls should target JinkoSolar stock.
- Deutsche Bank downgrades Dollar Tree stock.
- Plus, DraftKing's latest billion-dollar acquisition; more on Tyson's earnings report; and why COP is struggling.
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