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Wall Street indexes slip as oil prices rise, retail results awaited
Reuters Videos1d agoneutralVIDEO
Wall Street indexes slip as oil prices rise, retail results awaited

<body><p>VIDEO SHOWS: n/a</p><p>STORY: U.S. stocks fell on Monday, with the Dow and S&P 500 each shedding roughly half a percent, and the Nasdaq dropping about a third of a percent.</p><p>:: Home Depot</p><p>With July's weak retail sales and jobs data fresh in their minds, investors were cautious as they waited for quarterly results from retailers. Home Depot is due to report on Tuesday, TJ Maxx's parent company on Wednesday, and retail bellwether Walmart on Thursday.</p><p>Anna Rathbun is founder and CEO of Grenadilla Advisory.</p><p>"I'll be looking for more of the K-shaped economy narrative for the consumers, especially from companies like Walmart, TJ Maxx, and to a certain degree, Target as well. And what these companies are doing really to help the lower leg of the K-shaped economy, as well as trying to capture market share of people who are trying to stretch the dollar a little bit further coming from the middle class."</p><p>Among individual stock moves,&nbsp;Microsoft and Meta Platforms provided the biggest drags on the S&P 500, with both declining more than 3%.</p><p>Chip stocks provided a boost with Micron Technology adding 4% and Applied Materials climbing 5.5%.</p><p>Meanwhile, oil futures settled up more than $2 per barrel as investor pessimism about diplomatic efforts to resolve the Iran war fanned global supply worries. That provided a boost to stocks of energy companies.</p><p>Energy was the sole gainer among the S&P 500's 11 major sectors.</p></body>

Week ahead: Wall Street looks to retailers for consumer clues
Proactive2d agoneutral
Week ahead: Wall Street looks to retailers for consumer clues

Wall Street heads into the new week with a relatively light economic calendar, but investors will have plenty to watch as major retailers offer fresh clues on the health of the US consumer. Home Depot kicks off the retail earnings slate Tuesday, followed by Target on Wednesday and Walmart on...

Morning Bid: Retail risk
Reuters2d agoneutral
Morning Bid: Retail risk

By Mike Dolan Aug 17 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the

Home Improvement’s Hangover Could Last
The Wall Street Journal2d agoneutral
Home Improvement’s Hangover Could Last

Most retailers make their year around Christmas, but the festive season for home improvement is just winding down. Second-quarter results this week for Home Depot and Lowe’s, and numbers already released two weeks ago by Floor & Decor will make for a muted celebration. The three companies’ shares have lagged the S&P 500 by between 35 and 50 percentage points in the past year.