It was a busy week for investors, with earnings and jobs data dominating the headlines. Here some of Yahoo Finance Live's top takeaways.
Lower income households are feeling recessionary, as recent earnings reports from retailers like Walmart (WMT), Target (TGT), Home Depot (HD), and Lowe’s (LOW) show a cautious consumer, as they pull back on big-ticket spending and shift to spending on services versus goods. Yahoo Finance’s Brad Smith notes "consumers are continuing to be extremely judicious" about where they’re purchasing items.
The July JOLTS report showed that the number of job openings slipped to 8.8 million in July, which fell short of the expected 9.5 million.
Companies such as Dollar General (DG), Five Below (FIVE), and Nordstrom (JWN), all said they are feeling the impact of shrink hitting their bottom lines.
Barbie, Beyoncé’s ‘Renaissance World Tour,’ and Taylor Swift ‘Eras Tour’ have had quite the impact on the economy, as they benefit from the consumer shift in spending on services over goods.
