5 things to know before the stock market opens Friday
Publishing timestamp: 2023-08-18 08:04:07
Summary
Major stock indexes closed below their 50-day moving averages, signaling a bearish market. Target and Walmart had different earnings results, with Target falling short of expectations and Walmart outperforming. Bitcoin experienced a sudden sell-off, possibly related to Elon Musk's SpaceX selling off its bitcoin holdings. Evergrande Group, a heavily indebted Chinese property giant, filed for bankruptcy protection in the US. Many Americans are living paycheck to paycheck and do not feel financially secure.
Sentiment: MIXED
Tickers: .SPX, .DJI, TGT, WMT, .IXIC, BTC.CM=,
Keywords: business news, business, target corp, investment strategy, bitcoin/usd coin metrics, dow jones industrial average, walmart inc, markets, economy, elon musk, earnings, economic events,
Source: https://www.cnbc.com/2023/08/18/5-things-to-know-before-the-stock-market-opens-friday-august-18.html