(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Walmart sees smaller profit drop this year * Home Depot beats sales estimates * U.S. yields rise as retail data points to more Fed tightening * Indexes: Dow gains 0.5%, S&P 500 down 0.1%, … Read more
Stocks on Wall Street closed broadly lower Wednesday as drops by big technology companies wiped out the S&P 500′s gains for the week. The benchmark index fell 0.7%, snapping a three-day winning streak. The Dow Jones Industrial Average fell 0.5% and the tech-heavy Nasdaq slid 1.3%. Small-company stocks fell more sharply than the rest of … Read more
Wall Street BetsSOPA Images/Getty Images Bed Bath & Beyond is “king” in this latest meme-stock rally, but clean-energy and crypt is also getting attention, Vanda Research says. Coinbase may see renewed momentum with the upcoming Ethereum blockchain upgrade. Bed Bath & Beyond shares have soared more than 380% since a rally was sparked earlier in … Read more
PhonlamaiPhoto/iStock via Getty Images The market always gets what it wants and it is now in the process of validating the lower band (where demand rebounds due to a decline in oil price). Back on July 7, we wrote a report detailing why oil prices were going through such intense volatility. In it, we said: … Read more
Link copied toclipboard MoneyTalks is Stockhead’s regular drill down into what stocks investors are looking at right now. We’ll tap our extensive list of experts to hear what’s hot, their top picks, and what they’re looking out for. Today we hear from Perennial Value Management portfolio manager and resources analyst Sam Berridge. What’s hot right … Read more
Summary Companies Fed minutes suggest officials still committed to raising rates Retailer Target’s quarterly profit slumps Indexes: Dow down 0.5%, S&P 500 down 0.7%, Nasdaq down 1.3% NEW YORK, Aug 17 (Reuters) – U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be … Read more
Target reported its quarterly earnings Wednesday. Relative to expectations, it was a miss. The retailer had to get rid of tons of inventory it had accumulated — in other words, it sold a whole lot of stuff at a discount. Profit fell to 1.2%, practically half of what the company had predicted for itself back in June. Earnings per … Read more
LAS CRUCES – The old seed barn in the 900 block of West Amador Avenue — the metal building that towers above the Brewer Oil Company fill site — is becoming a film production studio, officials announced at the Rio Grande Theatre downtown on Wednesday. Representatives from Film Las Cruces were joined by Gov. Michelle … Read more
Behind negative returns for shares of Boeing and Walgreens Boots, the Dow Jones Industrial Average is declining Wednesday morning. Shares of Boeing BA, -2.84% and Walgreens Boots WBA, -2.78% are contributing to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.50% was most recently trading 301 points lower (-0.9%). Boeing’s shares have declined $5.80 … Read more
Stocks on Wall Street closed broadly lower Wednesday as drops by big technology companies wiped out the S&P 500′s gains for the week. The benchmark index fell 0.7%, snapping a three-day winning streak. The Dow Jones Industrial Average fell 0.5% and the tech-heavy Nasdaq slid 1.3%. Small-company stocks fell more sharply than the rest of … Read more