"Stocks Slide as Retail Earnings Disappoint, Ending Winning Streaks"

1 min read
Source: Reuters
"Stocks Slide as Retail Earnings Disappoint, Ending Winning Streaks"
Photo: Reuters
TL;DR Summary

The S&P 500 and Nasdaq ended their five-session winning streaks as retailers declined due to disappointing outlooks and technology shares fell. The Federal Reserve's minutes from their latest meeting showed a cautious approach to raising interest rates, which contributed to the market's retreat. Nvidia's shares dropped after their quarterly report and guidance, while Lowe's Cos and Kohl's Corp also saw declines. Overall, the absence of positive catalysts led to underwhelming price action and slight profit-taking in the market.

Share this article

Reading Insights

Total Reads

0

Unique Readers

11

Time Saved

2 min

vs 3 min read

Condensed

82%

44278 words

Want the full story? Read the original article

Read on Reuters