Stocks Lower, Fed Minutes, Retail Sales, Target, Bed Bath & Beyond

Here are five things you must know for Wednesday, August 17:

1. — Stock Futures Edge Lower As Inflation Worries Resurface

US equity futures slipped lower Wednesday, while Treasury bond yields pushed higher and the dollar extended gains against its global peers, as investors worry that improving consumer sentiment, retail spending and jobs growth will continue to Stoke domestic inflation and trigger more Fed rate hikes.

Stocks ended higher again yesterday after better-than-expected second quarter earnings from Walmart (WMT) and HomeDepot (HD) alongside what appears to be a solid rebound in GDP growth prospects, lifted the Dow past the 34,000 point mark for the first time since May.


Leave a Comment