Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, June 21. Major online retailers like Overstock, Wayfair and Amazon were all down following the Supreme Court’s latest tax ruling, which could force retailers to charge sales tax for internet purchases. Auto stocksA financial instrument giving the holder a proportion of the ownership and earnings of a company. also sold off due to fears of tariffs on European cars. In other market news, Kroger’s stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. was up 10%, thanks largely to strong first-quarter earnings, including a 66% increase in online sales from new offerings like food delivery.
Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.