| | | AUGUST 19, 2021 Welcome to the Stock Dork Cheat Sheet; your go-to guide for all the most important stock market news and analysis. Today is Thursday, August 19th. Let's get ready for the trading week! |
| Stocks fell in Wednesday's session with the Dow and S&P 500 posting sharp 1.1% losses. The Nasdaq fared slightly better with a 0.9% decline. Today, futures are pointing to more losses at the opening bell. S&P 500 contracts are currently down 0.8%, and Dow futures are down 0.9%. Scaling Back Minutes from the Federal Reserve board's most recent meeting were released during yesterday's session, and the notes revealed the Fed is taking emergency action to roll back $120 million in asset purchases. Wall Street doesn't like it when Uncle Sam turns the tap off, and the market unsurprisingly closed the day with sharp losses on the heels of the news. The Fed has no choice but to ultimately rollback its stimulus measures, but it's going to be a painful time for the market. All three benchmark US indices are hovering near all-time highs and stimulus is a big reason for it. As the Fed begins to turn off the tap, we could see some downward moves in the market. |
| Applied Materials (AMAT) After Market Close Macy's (M) Before Market Open Kohls Corporation (KSS) Before Market Open Ross Stores (ROST) After Market Close Deere & Co (DE) Fri / Before Market Open Foot Locker (FL) Fri / Before Market Open Buckle (BKE) Fri / Before Market Open |
| Thursday, August 19 Weekly Jobless Claims ... 8:30a Friday, August 20 --- |
| Thanks for reading! Don't forget, I'm always eager to hear from you. Reply to this email with your questions, comments, or general feedback, and Ill get back to you as soon as I can. Wishing you big returns on your investments this week, as always! - Michael "The Dork" Taylor P.S. Want My Alerts Delivered To Your Cell Phone? Sign up for mobile alerts and get the latest updates delivered to your cell. Disclaimer © 2021 TheStockDork.com. All rights reserved. This message was sent by TheStockDork.com and may contain commercial elements such as advertising. Read full terms here. |
|
|
|
| | |
|
