These 2 Companies Just Showed the Strength of the Entire U.S. Economy
Investors have watched closely as the global economy seeks to recover from the impacts of the COVID-19 pandemic. On Wednesday morning, that led to signs of a mixed opening on Wall Street, as market participants tried to balance troubling concerns like inflationary pressures against more optimistic signs of recovery. As of just after 8 a.m. EST, Dow Jones Industrial Average (DJINDICES: ^DJI) futures were lower by 50 points to 36,011, while S&P 500 (SNPINDEX: ^GSPC) futures had dropped 3 points to 4,693. However, Nasdaq Composite (NASDAQINDEX: ^IXIC) futures managed to buck the trend, rising 7 points to 16,307.
We've heard a lot about the state of the consumer economy this week, as major retailers have issued their latest earnings reports. This morning, Target (NYSE: TGT) and Lowe's (NYSE: LOW) added their results to the list, and what the two companies said reflect conditions that companies across the U.S. economy are having to face right now. Below, we'll look more closely at these two earnings reports and dig into the factors that are affecting consumer-facing companies both large and small.
Image source: Getty Images.
Source Fool.com
