Setup News Ticker
Searching for 'Stocks how'. (Return)

KiplingerAug 14, 2020
Stock Market Today: The Rally Shows Signs of Vulnerability
Wall Street wobbled into the weekend as a few pieces of data tempered recently raised hopes for the American economic recovery.

Retail sales improved for the third consecutive month, up 1.2% in July - but the pace of growth has decelerated, and that figure fell below economists' expectations.

SEE MORE 20 Best Stocks to Buy for the Next Bull Market "Part of this could be because several categories have already recovered to their pre-COVID level of sales, leaving little space for a strong bounce-back," says Pooja Sriram, Vice President, US Economist at Barclays Investment Bank. "Part of this could also be a signal of moderating consumption in the coming months. Indeed, we see downside risks to consumption spending if additional fiscal stimulus is not forthcoming.

Moreover, a preliminary August reading of the University of Michigan Index of Consumer Sentiment did improve, to 72.8 from July's 72.5, but remained at depressed levels far off the 90-100 readings of the past few years pre-COVID.

Further weighing on investors: The Senate adjourned through Labor Day without reaching an agreement on new stimulus measures, with both political parties seemingly miles apart and unlikely to reach a deal for weeks.

The S&P 500 yet again failed to clear its previous high at 3,386, declining less than a point to 3,372 to remain in bear-market territory. The Nasdaq Composite declined a modest -0.2% to 11,019, and the small-cap Russell 2000 slipped 0.1% to 1,577. The Dow Jones Industrial Average eked out a 0.1% gain to 27,931.

A special alert for Closing Bell readers: Warren Buffett's Berkshire Hathaway (BRK.B) holdin

Stockmarket Record Today Buy S&P
CoronavirusVaccine Latest Cases Live Trump
AppleFortnite App Google Epic Store
COVID-19vaccine Novavax symptoms order pandemic
pandemicduring Covid-19 amid One Coronavirus
RetailSales July Rise 12% retailer
SalesRetail July Rise 12% Stock
StocksRecord Buy Close S&P High
Marketstock Stocks Apple MarketWatch record
ChinaAberdeen warns delistings ‘dramatic valuations

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC