WSJ What’s News What’s News in Markets: Home Depot Rallies, Target Misses, Meta Pauses
25 snips
Aug 23, 2025 Home Depot defies expectations with a remarkable rebound following a mixed quarterly report. In contrast, Target faces a leadership shakeup amid disappointing performance. Meta is taking a strategic pause on hiring within its AI division. Explore the week’s most significant stock movements driven by these corporate shifts and broader market trends.
AI Snips
Chapters
Transcript
Episode notes
Fed Dovish Turn Sparks Rally
- Jerome Powell struck a more dovish tone at Jackson Hole, opening the door to rate cuts as soon as next month.
- That shift sparked a broad market rally and the Dow's first record close of the year.
Home Depot: Mixed Results, Shares Rise
- Home Depot missed expectations on adjusted earnings and cited delayed large renovations due to economic uncertainty and high rates.
- The company still backed its outlook, raised some prices, and shares rallied despite mixed results.
Leadership Change At Target
- Target announced Michael Fiddelke will become CEO in February and moved Brian Cornell to executive chairman after prolonged sales weakness.
- The company reported its 11th consecutive quarter of flat or falling sales as shoppers cite high prices and under-stocked stores.