Why This Apparel Retailer Shot Higher

All three major indexes are pacing for weekly losses

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Schaeffer's Opening View
8/20/2021
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Dow, S&P Futures Drop as Stimulus Concerns Linger


By: Fernanda Horner

Futures on the Dow Jones Industrial Average (DJI) are staring at an 88-point drop this morning, while futures on the S&P 500 Index (SPX) are firmly in the red as well, as the two major benchmarks pace for their worst week since June. Meanwhile, futures on the Nasdaq-100 Index (NDX) are slightly above breakeven, though the index is still eyeing its biggest weekly drop since May. This negative price action is linked to fears the Fed may soon taper off stimulus, despite the economy slowing down due to the Covid-19 delta variant. 

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

  • This blue-chip stock earned a pre-earnings bull note.
  • Kohl's stock popped after beating Wall Street's estimates.
  • Plus, Spotify board approves stock buyback; Foot Locker stock surges on quarterly beat; and upgrade boosts Petco stock.
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