Wall Street markets started the day mixed but at record levels, with a focus on retail earnings amid a lack of economic news. The Dow Jones Industrial Average and S&P 500 futures showed slight movement, with Target and Lululemon in the spotlight due to disappointing results. Nvidia is set to report earnings, with high expectations driving its stock price up. The market’s recent highs have been fueled by strong corporate earnings and expectations of a Federal Reserve rate cut.
Retail reports from TJX Cos., Petco, and Williams Sonoma are anticipated today, while upcoming data on home sales and Federal Reserve meeting minutes are also awaited. International markets show declines in Europe and Asia, with challenges in Britain’s inflation rate and Japan’s trade deficit. However, Taiwan’s market witnessed gains.
Oil prices fell, and the U.S. dollar strengthened against the yen and euro. Recent U.S. market performance saw the S&P 500 and Nasdaq setting new records, while the Dow Jones sits close to its peak. Overall, market movements continue to be influenced by corporate earnings and global economic factors.
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