Tuesday’s market rise stalled as stocks remained flat as investors awaited important data announcements later in the week.
While the Dow Jones Industrial Average fell 107 points, or 0.3%, the S&P 500 had a slight decrease of 0.06%. Also declining by 0.1% was the Nasdaq Composite.
Following a revenue miss in the previous quarter, retail behemoth Macy’s announced plans to liquidate over 150 underperforming stores. This news caused the company to see a surge of almost 4%. Despite offering mediocre guidance, Lowe’s held steady. Following better-than-expected earnings releases, Wall Street was cheered on by 8% and 16% increases in Zoom Video and Hims & Hers Health, respectively.
Source (CNBC)
