Job revisions, retail results, return of AI trading: market trends

Major U.S. retailers have been reporting earnings in recent weeks, including Target (TGT), Home Depot (HD), and Walmart (WMT), which shed light on how consumers are spending. Retail Sector (XLRE) acted as if investors weren't worried about a potential decline in consumer spending.

Stocks (^DJI, ^GSPC, ^IXIC) ignored a report from the Bureau of Labor Statistics that showed 818,000 fewer jobs were created for the 12 months ending March 2024 than originally reported. Additionally, AI stocks appear to be on the rise again, with Nvidia (NVDA) recouping much of the losses of the past few weeks.

Yahoo Finance reporter Josh Schafer joins Asking For A Trend on August 21 to analyze key market trends.

Click here to watch the full episode of Asking for a Trend and get more expert insights and information on current market events.

This article was written by Nicolas Jacobino