Text size The focus for investors Wednesday will be on minutes from the latest Federal Reserve meeting. Getty Images The stock market can’t go up forever, and the major indexes are taking a breather Wednesday ahead of the afternoon release of the minutes from the Federal Reserve meeting in July. The Dow Jones Industrial Average …
U.S. stock index futures fell back from recent highs early Wednesday as bulls held their fire ahead of the release of the minutes of the Federal Reserve’s last policy meeting later in the session while digesting July retail sales data. How are stock-index futures trading S&P 500 futures ES00 ES00, -0.77% dipped 38.8 points, or …
U.S. stock futures slip from 3-month highs as traders await Fed minutes Read More »
Text size Shares of Bed Bath & Beyond are up 316% over the last month. Michael M. Santiago/Getty Images As shares of Bed Bath & Beyond continued to surge Tuesday, it was joined by some of the usual meme stock suspects that also saw increased activity. Bed Bath & Beyond (ticker: BBBY) stock sailed to …
It’s Not Just Bed Bath & Beyond: GameStop and Koss Lead a Meme Stock Parade Read More »
Text size U.S. housing starts in July fell more than expected and to the lowest level since early in 2021. (Spencer Platt/Getty Images) Stocks were mixed in afternoon trading Tuesday after earnings from Walmart and Home Depot topped Wall Street forecasts. The Dow Jones Industrial Average gained 256 points, or 0.8% and was on pace …
Stocks Are Mixed. The Mood Lifts After 2 Big Retail Beats. Read More »
Text size Home Depot’s same-store sales rose 5.8%. Photo by FREDERIC J. BROWN/AFP via Getty Images Home Depot reported second-quarter earnings $5.05 a share, topping analysts’ estimates, and reaffirmed its 2022 guidance. Home Depot (ticker: HD) shares rose 4.7% to $329.35. It had been pressured in premarket trading after customer transactions declined 3% in the …
Home Depot Stock Surges as Earnings Top Forecasts Read More »
Text size Walmart posted second-quarter adjusted earnings of $1.77 a share. Justin Sullivan/Getty Images Walmart ’s sales rose and earnings surpassed estimates in the second quarter, sending shares of the retail giant higher. On Tuesday, Walmart (ticker: WMT) posted adjusted earnings of $1.77 a share, beating analysts’ estimates of $1.63, according to FactSet. Sales of …
Walmart Projects a Smaller Loss This Year as Sales Rise Read More »
Text size Tesla generates about a quarter of its sales in China. Patrick T. Fallon/AFP via Getty Images The economic data out coming out of China isn’t great. And that isn’t good for U.S. companies that do a lot of business in the country, including 3M , Tesla, and many other manufacturers. China had an …
Soft data out of China put a damper on U.S. stocks Monday, with investors pausing for breath after last week extending a bounce off mid-June lows. How stocks are trading The Dow Jones Industrial Average DJIA, +0.35% fell 71 points, or 0.2%, to 33,690. The S&P 500 SPX, +0.21% was off 17 points, or 0.4%, …
U.S. stock rally takes a breather as China raises worries over global growth Read More »
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s economic issues belong in a different box from the rest of the world, owing to Cihna’s self-imposed slowdown via COVID restrictions. …
Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi Son. The founder and CEO of SoftBank Group (ticker: SFTBY), “Masa” made one of the single-best venture investments of all time, providing a $20 …
The SoftBank Experiment Has Failed. Here’s What Comes Next. Read More »