5 things to know before the stock market opens Wednesday
Publishing timestamp: 2023-08-09 07:13:52
Summary
The markets struggled after a strong start, with the Dow, S&P 500, and Nasdaq Composite all closing lower. Moody's downgraded ratings for U.S. banks, while the Federal Reserve may be done hiking interest rates. Credit card balances and household debt reached record highs. WeWork warned of possible bankruptcy. There were missile attacks in Ukraine, and Moscow shot down two drones.
Sentiment: MIXED
Tickers: WE, .DJI, .IXIC, .SPX,
Keywords: economy, patrick harker, wework inc, jeff cox, volodymyr zelenskyy, business news, philadelphia, ukraine, business, markets, investment strategy,