Salesforce, Palantir, Dick’s: 5 Things You Must Know

Here are five things you must know for Wednesday, Aug. 26:

1. — Stock Futures Point to a Mixed Wall Street Open

Stock futures fluctuated Wednesday, following the S&P 500’s fourth consecutive day of gains and another record high.

Contracts linked to the Dow Jones Industrial Average fell 48 points, S&P 500 futures were up 2 points and Nasdaq futures gained 36 points.

Stocks ended higher Tuesday and the S&P 500 rose 0.36% to 3,443 as Wall Street cheered trade progress between the U.S. and China.

The Nasdaq jumped 0.76% on Tuesday, while the Dow declined 60 points, or 0.21%, to 28,248.

The Dow’s Pending Changes Show Why the Dow Should Be Ignored

Investors have been digesting mixed signals on the strength of the economy as the U.S. reopens amid fresh outbreaks of the coronavirus. For instance, U.S. consumer confidence in August fell to the lowest since 2014, while new home sales in July surged 13.9%, greater than expected.

“Depending on your point of view, data and developments may be encouraging or gloomy,” said Hayaki Narita of the Asia & Oceania Treasury Department at Mizuho Bank.

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