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. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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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