Stock Market Today: S&P Falls for 5th Straight Session
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The stock's fall snapped a three-day winning streak.
Stock futures are pointing to a lower open for major indexes on Thursday as investors prepare for tomorrow's highly anticipated speech from Federal Reserve Chair Jerome Powell.
The stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO
Shares of GE Vernova Inc. slid 3.50% to $603.13 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 44,922.27 and the S&P 500 Index falling 0.
Stock futures are pointing to a slightly lower open for major indexes on Wednesday as investors respond to a slew of earnings reports from retailers and brace for a big speech later in the week by Federal Reserve Chair Jerome Powell.
U.S. stock futures were slightly below the flatline on Thursday following Wednesday's mixed close. Futures were lower.
Shares of Cracker Barrel Old Country Store declined amid online backlash to its recent logo redesign. The stock fell 11% to $52.25 Thursday, on track for its largest percent decrease since April. Shares are down 1.2% this year.
US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.
Dow ETFs vary widely, giving investors choices between stability, income generation or leverage keyed to the index.
The Dow Jones Industrial Average is outpacing the other indexes on Tuesday, potentially on its way to a new record. The Dow was trading at 45,176.19, up about 0.6% on Tuesday. Part of this bump was due to the jump in shares from Home Depot.