Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, August 18, 2010

Wednesday

U.S. stocks added to yesterday's gains as retailers' strength offset sagging energy stocks. Retail giant, Target, and women's apparel retailer, Chico's, posted encouraging second-quarter earnings that beat analysts' expectations. This news helped other retailers post nice gains for the day. Early this morning oil hit a five-week low, which hurt energy stocks, making it the S&P 500's worst performing sector. DJIA +9.69 Nasdaq +6.26 S&P 500 +1.62.