Stock Market Today: No Surprises from Draghi or Yellen, Markets Fizzle
NEW YORK (TheStreet) -- What started out as one the most anticipated events for the capital markets each year concluded Friday on a somewhat anticlimactic note.
While the markets got exactly what they were looking for from Federal Reserve Chief Janet Yellen -- her sticking to her script on U.S. labor slack and her dovish outlook -- they also did not get any of the surprises they were looking for from European Central Bank President Mario Draghi. There was not even a hint of something that was going to change or an adjustment in ECB monetary policy.
Watch the video below for a look at what will matter for markets in the coming week:
Read More: Fed Chief Janet Yellen: The Economy Needs More Time to Heal
Home Depot (HD) named Craig Menear, currently president, U.S. retail, as CEO and president, effective Nov. 1. Shares were down 0.13% to $91.03. Gap (GPS - Get Report) shares gained 5.21% to $45.43 after the clothing retailer said second-quarter profit rose 10% as the company cut expenses and sales increased. Aeropostale (ARO - Get Report) plunged nearly 10% to $3.52 after reporting on Thursday a second-quarter loss of $63.8 million, or 81 cents a share, and after forecasting a wider-than-expected third-quarter loss. Read More: Aug. 22 Premarket Briefing: 10 Things You Should Know --By Andrea Tse in New York Follow @AndreaTTse
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