Target’s Big Surge, Broader Market Ends 8-Day Win Streak, Fed for Thought 8/21/24

Carl Quintanilla, Jim Cramer and David Faber explored retail earnings and the consumer. Target shares surged on a Q2 beat and raised profit guidance, as same-store sales grew for the first time since the 2022 holiday quarter. TJX posted gains on its results and outlook, while Macy's fell on a sales miss. The anchors also discussed what's next for the markets after the S&P 500 and Nasdaq snapped eight-day win streaks. Fed minutes also on Wall Street's radar ahead of Friday’s Jackson Hole speech by Fed Chair Powell. Also in focus: Ford shifts its EV strategy, Analog Devices' earnings lift the chip sector, Netflix shares at all-time highs. Squawk on the Street Disclaimer

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.