Stocks Waver Ahead of Retail Earnings
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- Dow, S&P 500, Nasdaq waver near record levels ahead of major retail earnings and the release of Fed meeting minutes, reflecting investor caution despite recent gains
- Wall Street remains close to all-time highs amid uncertainty about the Fed's next policy move, turning to corporate results to sustain momentum
- Investors are looking to retail earnings for direction, as soft inflation data has tempered expectations for further rate hikes
- Micron stock crosses $1,000, reigniting interest in semiconductor performance amid broader market hesitation
Why it matters: With the Fed on hold and no clear signal on rates, retail earnings become the immediate catalyst for market movement—strong results could extend the rally, while misses may trigger a pullback. Micron hitting $1,000 signals concentrated confidence in chip demand even as broader indexes stall.
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