Stocks Higher After Fed Signals September Rate Cut
MRKT Matrix - Wednesday, August 21st S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut (CNBC) Target shares spike as profits rise, despite cautious sales outlook (CNBC) TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter (CNBC) Macy’s cuts sales forecast as department stores struggle to draw shoppers (CNBC) JD.com Stock Falls, Dragging on Chinese Tech. Why Walmart’s Stake Sale Is a Worry. (Barron’s) Ford Scraps Electric SUV in $1.9 Billion Hit to EV Ambitions (Bloomberg) Crowded Bitcoin Derivatives Bets Spur…
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