NIO's shift to affordability with the new ES8 and rising margins boosts its growth outlook and path to profitability. Find out why NIO stock is a buy.

T his year’s back-to-school shopping season will be an important test for the U.S. economy. Retailers have the opportunity to capture $30.9 billion in potential sales, little changed from 2024. According to a survey conducted by the National Retail Federation in early July,

Shares were up in early trading. Then came Powell’s speech, where he noted weakening labor-market conditions, paving the way for a September interest-rate cut. The stock soared, gaining 6.2% to close at $340.01. The S&P 500 and Dow Jones Industrial Average rose 1.5% and 1.9%, respectively. For the week, the stock rose 2.9%.

Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.

Riot Platforms stock (NASDAQ RIOT), a Bitcoin mining firm, is presently priced at about $13 per share, indicating a recent drop of 11% within the last month.

Alphabet, Microsoft, and Amazon's spending in particular has cut into cash flows.