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U.S. Stocks Drop on Fed Jitters as Dow Falls Triple Digits

July 24, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks plunged on Fed jitters at Tuesday’s midday trading with the Dow Jones Industrial dropping triple digits. But retailers, DSW (DSW) and Burlington Stores (BURL) are bucking the trend. Both stocks are surging after reporting better-than-expected earnings and a rise in same-store sales. After the bell, software companies, Oracle (ORCL) and Adobe (ADBE) are set to report. Oracle is dropping as analysts expect it to report quarterly earnings of $0.68 a share. Adobe traded virtually flat ahead of its release. Wall Street is estimating Adobe to post earnings of $0.39 a share.

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