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U.S. stock indexes fall back from recent highs Wednesday as bulls hold their fire ahead of the release of the minutes of the Federal Reserve's last policy meeting later in the session while digesting July retail sales data.
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Wall St drops as growth stocks slide, Target weighs on retail shares ReutersDow falls 200 points as rally fizzles, Fed minutes ahead CNBCNasdaq Futures Retreat Sharply As Investors Look Ahead To Retail Sales Data, FOMC Minutes; Apple Doesn't BenzingaDow climbs as Walmart, Home Depot boost optimism ReutersDow Jones Slides Ahead Of Fed Minutes; BBBY Stock Skyrockets 45% Investor's Business DailyView Full Coverage on Google News
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Shares of Target Corp. took a hit Wednesday, after the discount retailer reported a big fiscal second-quarter profit miss, as excess inventory continued to present a big challenge to results, while revenue managed to top expectations.
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Higher costs sent the shares plunging following the latest investor update.
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Sales at U.S. retailers fell flat in July, but largely because of falling gas prices and fewer purchases of new cars and trucks
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Topic: RobocarsTags: forbesFrom the earliest days, one of the most common questions was "What happens when the cops want to pull over a robocar or give it a ticket?" We find out a real answer in a video of SFPD stopping an empty Cruise robotaxi on the streets of San Francisco.
It wasn't actually that much of a mystery, and the major teams all have detailed first responder training and plans in place, and it happened here. This was a very rare case where it actually made sense to pull over this car, which was driving at night without its lights on, which is unsafe.
See all the details and analysis in my Forbes site story at:
We find out what happens when SF Police pull over an unmanned Cruise robocar
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Experts warn that investors should be cautious about "chasing" the recent market rally.
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