The stock market declined on Wednesday amid rising concerns over renewed U.S.–China trade tensions.
With the government shutdown entering its fourth week, S&P 500 dropped 0.5% to 6,699, while Nasdaq fell 0.9% to 22,740.
Tweet of the Day
$VRT … Reports Q3 (Sep) earnings of $1.24 per share, excluding non-recurring items, $0.26 better than the FactSet Consensus of $0.98; revenues rose 29.0% year/year to $2.68 bln vs the $2.58 bln FactSet Consensus. Co issues guidance for Q4, sees EPS of $1.23-1.29, excluding… pic.twitter.com/7UEHrSeRCY
— Marty Chargin (@MartyChargin) October 22, 2025
Chart of the Day
Here is the ten-year chart of TJX Companies (TJX) as of September 22, 2025, when the stock was at $139.
The world economy is tight right now, and many shoppers do not have extra funds to spend on clothes, kitchen gadgets, and home furnishings. This tight-wallet environment is helping discount chain TJX (TJX), which delivered strong performance last quarter with 15% profit growth on 7% sales growth.
The best division during the quarter was TJX International, which had sales growth up 13%. TJX Canada was also strong with 11% sales growth. Back in the US, HomeGoods sales grew 9% and Marmaxx (which includes TJ Maxx and Marshalls) rose 5%. Home products performed better than clothing, with customers drawn to the variety of unique items.
TJX continues to appeal to a wide range of income groups and is attracting younger shoppers.
TJX is a core holding in our Conservative Growth Portfolio.
