Market Recap 8/17/22

Dow: -171.69…
Nasdaq: -164.43… S&P: -31.16…

The stock market opened on a weak note with broad-based selling amid mixed earnings reports from leading retailers and hesitation ahead of the July 26-27 FOMC Minutes release. Immediately after the release, the major indices hit their intraday highs before falling from those levels and moving sideways into the close.

Monthly options expiration is Friday. It was a very mixed and difficult day to get a good handle on anything.

Ford Hikes Price Of EV F-150 Up To $8,500, More Than Biden’s “Inflation Reduction” Subsidy.