Good morning, you're tuned in to Markets Desk.
The services sector came in as the headline macro story this week, with the largest slice of the U.S. economy expanding in August at its fastest clip in six months. Despite persistent inflation and a fresh round of White House tariffs, the data signals the expansion still has meaningful runway ahead.
Turning to earnings, Victoria's Secret delivered top-line results near the high end of its own guidance, with bras and its Pink line driving the lift. But Wall Street had priced in more, and the market punished the miss accordingly — the stock is on pace for its worst single session in over a year.
On the equity tape, Robinhood Markets is the standout mover in the S&P five hundred this morning, climbing nearly twelve percent in early trading. That puts the stock up just under six percent on the year. Meanwhile in the Nasdaq one hundred, Honeywell International is surging seven and a half percent, extending a remarkable run that has the industrial giant up more than forty-two percent year to date.
That's the tape. Markets Desk, signing off the floor.
