The Closing Bell 🔔
Markets are flat today… Maybe it was the eclipse? 🌚
Investors kept trading light as anxiety over North Korea and White House controversies linger. They’re also anticipating Wednesday’s meeting between central bankers and Fed chief Janet Yellen in Jackson Hole, Wyoming.
Fiat Chrysler shares were up 6.6% after Chinese automaker Great Wall Motors announced it was interested in buying the car company. It’s not clear if Great Wall Motors wants all of Fiat Chrysler or a takeover of certain brands like Jeep, which is thriving in China.
Home Depot shares were up more than 1%. Gold, which has rallied 11% this year, edged to $1,300 per ounce. Telsa shares fell over 3.5%.
Meanwhile, Angela Merkel hinted Germany could soon ban gas and diesel cars. The move would follow similar bans by Britain, India and France.
Other market items:
- Foxconn’s plan to create thousands of jobs in Wisconsin is moving right along (CNNMoney)
- JPMorgan gives $1 million to fight hate groups after Charlottesville (CNNMoney)
- Wall Street doesn’t want this Trump official to quit (CNNMoney)
- J&J loses $417 million talc verdict in first California case (Bloomberg)
