August 17, 2021

August 17, 2021

U.S. stock indexes closed negative today as July retail sales declined and concerns about slowing global economic growth intensified.

 

Dow Jones finished -282 at 35,343

S&P 500 finished -32 at 4,448

NASDAQ finished -138 at 14,656

 

The 10 Year Treasury closed even yielding 1.26%

Oil prices closed down $0.52 ending at $66.77 a barrel.

Gold prices closed down $3.00 ending at $1,786 an ounce.

 

In the days’ stock news:

 

  • Walmart closed even despite reporting second-quarter earnings that topped analyst estimates. The retailer gained ground in groceries and reported a strong start to the back-to-school season.
  • Home Depot dropped more than 4% after reporting second-quarter results. Comparable-store sales fell short of forecasts, however, rising 4.5% compared to a StreetAccount consensus estimate of 5%. However, Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts.

 

 

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