WSJ Your Money Briefing What’s News in Markets: Home Depot Rallies, Target Misses, Meta Pauses
20 snips
Aug 23, 2025 Discover how Home Depot managed to bounce back with surprising resilience, despite mixed quarterly results. Uncover the reasons behind a significant leadership shakeup at Target and its implications. Additionally, explore Meta's decision to pause hiring in its AI division amidst broader market trends. Tune in for an in-depth look at the week’s major stock movements and the news shaping market sentiments!
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Powell’s Dovish Pivot Moved Markets
- Jerome Powell struck a dovish tone at Jackson Hole, opening the door to potential rate cuts next month.
- Markets rallied, pushing the Dow to its first record close of the year.
Home Depot Rallied Despite Mixed Results
- Home Depot missed some earnings expectations but raised same-store sales and backed its annual outlook.
- The stock rallied after the company signaled modest price increases and explained consumers delaying big renovations.
Leadership Change At Target After Sales Slump
- Target reported its 11th straight quarter of flat or falling sales and announced a new CEO to lead a turnaround.
- Shares plunged as the retailer continues to lose shoppers to Walmart and Amazon amid complaints about prices and stock levels.