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U.S. stocks mixed after retail earnings, Fed minutes

August 16, 2023

U.S. stocks are mixed after a slate of reports from major retailers such as Walmart and Target and as investors digested the minutes of the Federal Reserve’s meeting in July.

At 10:05 ET (14:05 GMT), the Dow Jones Industrial Average rose 63 points or 0.1%, while the S&P 500 rose less than 0.1% and the NASDAQ Composite fell 0.4%.

The main equities indices closed lower Wednesday, a second consecutive losing day, with the NASDAQ Composite hit particularly hard, dropping 1.2%, on worries that additional tightening will disproportionately hit the debt-laden tech sector.