The major averages closed mixed once again as the S&P 500 declined for a fourth straight day with a broad sell off in tech for a second straight day. The Dow Jones Industrial Average

 added 16 points. The S&P 500 fell 15 points while the Nasdaq declined 142 points or 0.67%.

On the earnings front, retail was in the spotlight. Target was a dog down 6% due to a decline in sales and the long-standing CEO is stepping down. Este Lauder was lower as well on earnings. To the upside, we had TJX up 2.6% on strong guidance while Lowes was higher as well following Home Depots numbers yesterday.

U.S. Treasury yields were quiet as investors await the Federal Reserve’s meeting minutes from July. The 10-year Treasury yield dipped a basis point to 4.28%. The 2-year yield was down a basis point to 3.74%.

Tech took it on the chin once again. Palantir fell for a sixth straight day. All the big cap techs were lower today.

In the commodity space, oil was up a percent to $63 a barrel. Gold was up a percent while bitcoin rose nearly 1%.

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage.