Wednesday's big stock stories: What’s likely to move the market in the next trading session
Stocks posted back-to-back losses as the 10-year yield touched the highest level since 2007. Tune in to CNBC for Jeffrey Gundlach of DoubleLine Capital.
TL;DR
- Federal Reserve expected to raise short-term interest rate by a quarter percentage point.
- August retail sales data is due, with expectations of an 0.8% increase.
- Some retail stocks like Signet Jewelers and Best Buy are performing well, while others like Casey's General Stores are struggling.
- Homebuilder stocks such as Lennar and PulteGroup have seen declines.
- Defense and airline companies, including Northrop Grumman, Lockheed Martin, United Airlines, and Southwest, will present at the Morgan Stanley Laguna Conference.