September has a bad reputation around Wall Street. It’s living up to that so far as last week was the worst in three months, but some green shoots pushed through the sidewalk cracks this morning as eyes turn to the Tech sector after a ragged Friday. Stocks enter the week on a five-day skid as investors assess historically high valuations and the possibility of a more hawkish Fed. Another factor has been rising caseloads of Covid’s Delta variant, something that has many analysts rethinking their
A decline in initial jobless claims to a pandemic-era low wasn't enough stop the Dow's skid Thursday.
It’s a shopping extravaganza this week as retailers line up to report. The fun starts tomorrow when Walmart (NYSE: WMT) steps to the plate. Before that, the focus this morning appears to be on the Fed, China, and Afghanistan. Data showed the Chinese economy growing a little slower than analysts had expected, which is one factor putting pressure on crude this morning. China’s factory output and retail sales growth slowed sharply in July, Reuters reported, as new Covid outbreaks and floods disrupt