Nightly Business Report – August 17, 2016
FED mixed on rate hike (a house divided). Open Market Committee, Chair has not imposed her will. Inflation below 2% target.
Hike in September unlikely.
Target stock down 6%
Lowes cut outlook for the year. Stock down 5.5%
J.C. Penneys down 3.6%
Staples down 15th straight quarter. shares down 6.7%
American Eagle had strong results but shares down 3%
Urban Outfitters up 15%
Hedge Funds are underperforming the Market
Gambling at 5 year low.
One automaker has increased sales in US every year since 2008 -> Subaru
Mortgage demand hit 6 month low.
Bookmarks