Why These 2 Well-Known Stocks Are Dragging the Whole Market Down

Dick's Sporting Goods and Macy's experienced sharp declines in their stocks on Tuesday, reflecting concerns about the strength of the consumer economy and the impact of high interest rates on retail businesses.

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Relevant topic timeline:

8/18/2023

Stock markets face a 'perfect storm' as high rates and China fears bite, analysts warn

Stock markets worldwide experience declines amid concerns over the Chinese property market, rising US bond yields, and poor economic data in China and the UK.

8/24/2023

Dow Falls 300 Points as Early Gains Turn to Nasty Selloff

The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.

8/25/2023

Are ‘Locusts and Boils’ Next for Boeing? Buy the Stock Anyway.

Boeing stock declines for a second day after a quality issue in the supply chain for the 737 MAX jet, but Wall Street remains optimistic.

8/31/2023

Down Between 5% and 26% in 6 Months, 3 No-Brainer Blue Chip Dividend Stocks to Buy Now

Consumer-facing companies like Starbucks, Nike, and Target have experienced declines in their stock prices despite the overall gains in the market, but each company has unique strategies in place that make them worth considering as investments.

9/6/2023

US futures slip as worries about inflation revive: Stock market news today

Stocks on Wall Street are expected to decline as concerns about inflation raise doubts about the Federal Reserve's decision to cut interest rates, while worries about crumbling demand and falling German industrial orders add to the uncertainty.

9/6/2023

Stock Market Today: Dow Closes Down Nearly 200 Points; Nasdaq Falls for 3rd Straight Day; Apple, Nvidia, Tesla, and Other Movers

Stock indexes decline as concerns about future rate hikes and sluggish market performance in September weigh on investor sentiment, with the tech-heavy Nasdaq Composite falling for the third consecutive day and the Dow Jones Industrial Average and S&P 500 on a two-day losing streak.

9/13/2023

Markets Cautious Ahead of Key US Inflation Data; Pound Sinks on UK Recession Fears

Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.