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Stocks open lower after larger-than-expected drop in retail sales

Tiger Newspress2021-08-17

(Aug 17) Stocks open lower after larger-than-expected drop in retail sales.

Dow industrials fall 291 points, or 0.8%. S&P 500 drops 0.7% to 4,448.21. Nasdaq Composite down 0.9% at 14,650.41.

China tech stocks slump as China’s market regulator issued draft rules banning unfair competition among the nation’s online platform operators.

Dow member Home Depot fell more than 4% after reporting second-quarter results, knocking futures. While quarterly earnings topped estimates, same-store sales rose 4.5% in the period, below the 5% consensus estimate of analysts polled by StreetAccount. U.S. same store sales increased by just 3.4%.

Walmart shares gained 0.27% after second-quarter earnings topped estimates. The retailer issued cautious guidance; the company said it will earn between $1.30 and $1.40 a share this quarter while the consensus analyst estimate is $1.32, according to StreetAccount.

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评论31

  • Albaakbert
    ·2021-08-18
    Wow chin agi an
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  • replaygoh
    ·2021-08-18
    okok
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  • SanWangtikup
    ·2021-08-17
    [Facepalm] 
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  • katrina518
    ·2021-08-17
    说说你对这篇新闻的看法...
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  • Val準凖
    ·2021-08-17
    Down..down down 
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  • HENRYCSC
    ·2021-08-17
    Buy dip
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  • immryan
    ·2021-08-17
    That is not good
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  • glorify
    ·2021-08-17
    Most of the stocks are trending Down. Stay firm & calm if you have holding power for good & have potential  growth . Otherwise  those try to clear or trim losses.Hopefully, it is temporary! Wait & monitor the dip & grap opportunity. Be cautious!
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    收起
    • Slowmopi
      hope
      2021-08-17
      回复
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  • Ahjennn
    ·2021-08-17
    Time to enter
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  • th1s0ne
    ·2021-08-17
    oops
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  • 眼屎裡的花
    ·2021-08-17
    [Smile] 
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    收起
  • Zhenks
    ·2021-08-17
    This is so scary…
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    收起
  • Rache13
    ·2021-08-17
    Latest
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  • ALVH
    ·2021-08-17
    Bad news again
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  • Chimpsey
    ·2021-08-17
    How? Market not looking good
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  • CY123
    ·2021-08-17
    Please like and comment 
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    收起
    • chiusan
      [comment]
      2021-08-18
      回复
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    • Ahjennn
      Commented
      2021-08-17
      回复
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    • Chimpsey
      comment
      2021-08-17
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  • 1nquisit0
    ·2021-08-17
    please like
    回复
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  • 夜行星
    ·2021-08-17
    Correction?
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    收起
  • Hazchen55
    ·2021-08-17
    When will ** release some positive news 
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  • DannyPhan
    ·2021-08-17
    China stock😭
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    收起
    • Gukakelah
      🙉🙈
      2021-08-17
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    • qstocks
      ok
      2021-08-17
      回复
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    • CY123
      Hi
      2021-08-17
      回复
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