Stocks fell broadly Wednesday on Wall Street, adding to losses in the market a day after the Standard & Poor’s 500 index had its biggest drop in four weeks. The benchmark index fell 1.1%, its second straight loss after a five-day winning streak. Even so, the S&P 500 remains near its all-time high set Monday. Beyond watching the Fed, investors sized up quarterly report cards from retailers, which are among the last industries to issue results this earnings season. AdvertisementLowe’s Cos. jumped 9.6% for the biggest gain in the S&P 500 after the home improvement chain gave investors a strong sales forecast.

Source: Los Angeles Times August 18, 2021 22:23 UTC