Indexes were almost unchanged on Thursday except for the NASDAQ which closed at another new all-time high.
Overall the market was in a somber mood as Sears announced it would be selling its Kenmore Appliances through Amazon. The news sent a number of major retailers lower including, Home Depot, Lowes, Best Buy, Whirlpool and Costco. Earnings continued to come in and most companies reporting so far have beaten estimates. But the market seemed more focused on the Sears-Amazon announcement and wondered where this would be taking retailers.
Here is the outlook for the S&P and NASDAQ indexes for Friday Jul 21 2017 as viewed by the advance decline numbers from the close of trading on Thu Jul 20 2017.
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Advance Decline Numbers Outlook For July 21 2017
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