"Charles Schwab Drops Amid Major Stock Moves"
TL;DR Summary
The S&P 500 rose 0.6% to a record high, driven by strong retail sales data and expectations of a Federal Reserve rate cut in September. Health insurers, led by UnitedHealth Group, saw significant gains, while Charles Schwab shares dropped 10.2% after announcing plans to downsize its bank. Other financial services stocks also fell, while companies in the housing industry and media conglomerate Warner Bros Discovery saw notable gains.
Topics:business#charles-schwab#federal-reserve#retail-sales#sandp-500#stock-market#unitedhealth-group
- S&P 500 Gains and Losses Today: Charles Schwab Drops as Firm Plans To Shrink Bank Investopedia
- Stocks making the biggest moves midday: Charles Schwab, Match Group, Bank of America and more CNBC
- UnitedHealth, DJT, Schwab, Bank of America, Morgan Stanley, Shopify, Reddit, and More Movers Barron's
- Top Stock Movers Now: UnitedHealth, PNC, Charles Schwab, and More Yahoo Finance
- Stocks to Watch Tuesday: Match, UnitedHealth, Bank of America, Trump Media The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
88%
566 → 68 words
Want the full story? Read the original article
Read on Investopedia