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The stock market
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Stocks have lost steam amid renewed gloom about the odds for rate cuts, stoked by data showing less cooling in inflation than the Federal Reserve wants. At the same time, hopes that Nvidia's ([NVDA]('https://finance.yahoo.com/quote/NVDA?p=NVDA')) blockbuster earnings would spur a broader stock rally [were disappointed]('https://finance.yahoo.com/news/why-nvidias-stock-surge-doesnt-bode-well-for-the-market-080015045.html').
A wave of retail earnings before the bell gave other clues to consumer resilience and economic health. Kohl's ([KSS]('https://finance.yahoo.com/quote/KSS')) shares cratered after the department store chain's [surprise quarterly loss]('https://finance.yahoo.com/news/kohls-cuts-annual-sales-forecast-111433954.html') and cut to its annual sales forecast. Meanwhile, Best Buy ([BBY]('https://finance.yahoo.com/quote/BBY')) posted a bigger [drop in comparable sales than expected ]('https://finance.yahoo.com/news/best-buy-reports-bigger-expected-111204795.html')as Americans get choosy about spending on non-essentials.
The grip of Bidenomics.
Might have been a sham verdict ?? Bidenomics bad for business. Tax increases. Etc.
Trump approval rating jumped up after verdict. Simply put he’s even more popular now which makes a happy market. 😁
Yellow Eyed Devils.
Yak Pack.
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