Debt Ceiling Talks and Retail Sales Data Affect Stock Market.
TL;DR Summary
The stock market showed mixed results as investors held back ahead of the debt ceiling meeting later today. The Nasdaq composite and Big Tech stocks remained the leaders, while the Dow Jones Industrial Average was pulled down by Home Depot's gloomy outlook. Advanced Micro Devices surged 5.4% after hedge fund Third Point opened a 1-million-share stake. Meanwhile, April retail sales rose 0.4% vs. the 0.7% rise projected, but higher than the -1% in March.
Topics:business#advanced-micro-devices#debt-ceiling-talks#finance#home-depot#retail-sales#stock-market
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