Target and Lowe’s Top Expectations - Adviser Investments

Target and Lowe’s Top Expectations

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, August 22. We saw relatively flat returns on the major U.S. stock indexes as U.S. investors appeared to factor strong earnings against political headlines: The Dow Jones Industrial Average lost 0.3% and the S&P 500 closed with fractional losses; however, the NASDAQ Composite rose 0.4%. On the earnings front, Target advanced more than 3% after beating earnings and revenue expectations and reporting its strongest quarterly same-store sales in 13 years. Lowe’s also topped expectations and closed the day up nearly 7%.

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