Walmart up 9%; J.C. Penney down 27% - Adviser Investments

Walmart up 9%; J.C. Penney down 27%

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, August 16. The Dow Jones Industrial Average’s 1.6% advance led gains across the major U.S. stock indexes today; the S&P 500 and NASDAQ Composite closed the day up 0.8% and 0.4%, respectively. Meanwhile, Walmart rose 9% after beating both earnings and revenue expectations. J.C. Penney’s stock plummeted 27% on disappointing earnings, wider loss expectations and the retailer’s ongoing leadership vacuum following the May resignation of Chief Executive Officer Marvin Ellison.

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