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Stocks Pullback at Tuesday’s Opening Bell as Auto Sales Look Drive the Markets

July 26, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks pulled back at Tuesday’s opening bell as auto sales look to drive the markets as they roll in throughout the day. The Nasdaq is struggling to hold onto the 5,000 level. Shares of Best Buy (BBY) are higher out of the gate after the electronics retailer beat earnings by $0.13 a share. Best Buy missed revenue slightly but raised its dividend and share buyback program. Target (TGT) is going after younger shoppers by revamping its grocery aisles. According to the Wall Street Journal, the big box retailer will focus on items like craft beer and less on packaged and processed foods. Google (GOOG) is entering the telecom business. The tech giant will soon sell data plans for smartphones and tablets in the U.S.

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