The S&P 500 closed in on a new record high today, but the Dow fell nearly 100 points by skleb1234
amid concerns from Democrats that the Trump Administration is trying to undermine the U.S. Postal Service ahead of the election.
Sentiment was also kept in check by ongoing U.S.-China tensions: Top trade officials were scheduled to review the terms of the phase on trade deal on Saturday, but that has now beenGoldman Sachs, meanwhile, raised its 2020 year-end price target for the S&P 500 to 3,600, implying an upside of 7% from current levels.
All three major averages finished higher last week, with the S&P climbing 0.6%, the Dow 1.8% and the Nasdaq 0.1%. If the S&P does reach a new record high, it would be the index’sA handful of major retailers report second-quarter earnings this week, including Home Depot, Walmart and Kohl’s on Tuesday and Lowe’s and Target on Wednesday.
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