Home Depot, Target And Walmart Report Earnings In A Retail Heavy Week

Key Takeaways

• Retailers Reporting Earnings
• Overall Earnings Better Than Expected So Far
• U.S. Steel Receives Unsolicited Offer

The Nasdaq Composite dropped nearly 2% last week and for the first time since December, logged back to back losing weeks. The S&P 500 fared slightly better, dropping less than 0.5% while posting back to back weekly losses for the first time since the beginning of May. Those losses come despite a better than expected earning cycle thus far, though this week will bear watching for signs retail spending.