Wall Street Slips From Its Record Following the Latest Weak Update on the US Economy
The S&P 500 slipped 0.2% as weak retail sales and fading consumer sentiment offset gains driven by artificial-intelligence demand and easing inflation.
- Stocks slipped from record highs on Friday following a surprisingly weak report showing shoppers spent less at retailers last month than the month before.
- Treasury yields rose to 4.69% from 4.63% late Thursday as oil prices swung higher, with Brent crude rising roughly $1.50 per barrel amid uncertainty over tankers in the Persian Gulf during the war with Iran.
- Reddit surged 14.7% on Tuesday after joining the S&P 500 index, while Applied Materials fell 5.4% despite strong earnings, as CEO Gary Dickerson cited high expectations for AI-related technology pressuring the stock.
- A preliminary University of Michigan survey suggests consumer sentiment is weakening more than expected, raising the risk of 'stagflation'—a worst-case scenario where The Fed cannot simultaneously fix high inflation and a stagnating economy.
- Jennifer Timmerman, senior investment strategy analyst at Wells Fargo Investment Institute, cautioned against overreacting, suggesting weak sales could represent a 'snap back' following boosts from Amazon's Prime Day, tax refunds, and the World Cup.
53 Articles
53 Articles
Stock Market Today, Aug. 14: Rally Stalls on Disappointing Consumer Data, Broadcom Falls 6%
The S&P 500 (SNPINDEX:^GSPC) fell 0.17% to 7,786, the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 0.28% to 26,729, and the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.20% to 53,732 as disappointing economic data stalled the recent rally.Gold prices rose 0.24% to $4,373.48 as of U.S. market close, and the 10-Year Treasury yield fell 0.05% to 4.69%. Energy and basic materials finished as the top-performing sectors, but drops in technolog…
(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 14th (local time), the New York stock market fell slightly as concerns about an economic slowdown were highlighted by sluggish consumption indicators.
Pittsburgh Post-Gazette
The BladeWall Street slips from its record following the latest weak update on the U.S. economy
NEW YORK — The U.S. stock market edged back from its all-time high Friday following the latest report on the economy to come in surprisingly weak,...
Associated Press News
How major US stock indexes fared Friday 8/14/2026
U.S. stocks edged back from their all-time high following the latest economic report to come in surprisingly weak.
New York closed the session in negative terrain, after the retail sales report was weaker than expected. The Dow Jones index dropped 0.20% to 53,732.53 points, the S&P500 dropped 0.18% to 7,785.15 points and the Nasdaq lost 0.28% to 26,729.16 points. Salesforce lost 2.57%, Cisco dropped 1.58%, Nike dropped 1.21%, IBM slipped 1.16% and Amazon dropped 0.94%. In countercycle, Walt Disney rose 1.97%, Chevron gained 1.17%, UnitedHealth increased 0.69…
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