Stock Market Winners & Losers: Markets Falter After 8-Day Win Streak | Harris Proposes Raising the Corporate Tax Rate
Investors struggled to sustain the recovery rally, though the S&P 500 and Nasdaq achieved their longest winning streaks of the year at eight days, supported by strong retail sales and soft inflation data.
This week, attention turns to the Federal Reserve's Jackson Hole Symposium, where Chair Jerome Powell will speak. Palo Alto Networks' stock jumped 7% after beating estimates and announcing a $500 million buyback, while Lowe’s cut its full-year outlook due to weaker home improvement sales.
Gold prices hit a record high above $2,500, gaining over 20% this year. Vice President Kamala Harris proposed raising the corporate tax rate to 28%, aiming to fund social initiatives, though the plan faces Republican opposition.
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