HomeLifestyleVehiclesStock Market Today: KR Strength, RH Weakness, & UAW Closer To Strike

Stock Market Today: KR Strength, RH Weakness, & UAW Closer To Strike

The Dow Jones, S&P 500, Russell 2000, and Nasdaq-100 all ended lower. Only two of the eleven S&P 500 sectors ended in the positive. Kroger (KR) shares closed up after earnings results came in mixed. Restoration Hardware (RH) shares sunk more than 15% after the company’s third quarter guidance missed expectations, and they warned that the luxury housing market will be pressured due to ongoing macro challenges. As the United Auto Workers’ Union creeps into the 11th hour of its contract negotiations with the big three automakers, they say the Stellantis (STLA) wage proposal does not make up for inflation. Tune in to find out more about what to watch next week and the stock market today.

08 Sep 2023

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