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globalcourant · 2 years

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Stocks dip as Wall Street rally loses steam, investors assess fresh retail data

Travel stocks slump, Carnival falls 5% Travel stocks fell on Wednesday, dragging the S&P 500’s consumer discretionary sector down nearly 2%. Cruise stocks led the tumble, with shares of Carnival, Norwegian Cruise Line and Royal Caribbean down about 5% each. Hotel and casino stocks including Wynn Resorts, MGM Resorts and Marriott slid 3.8%, 2.5% and 2.1%, respectively. — Samantha Subin Tech…

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clothinglennyco · 2 years

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Target, Lowe's, TJX and more

Target, Lowe’s, TJX and more

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an adjusted quarterly profit of $2.19…

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news-21 · 3 years

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Earnings reports and the Fed will test the market rally in the week ahead

A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. The Federal Reserve may also play a role. Minutes from its last meeting will…

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hummingzone · 3 years

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Fewer deals and shipping delays: Here are some early predictions for the holiday season

A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images Shoppers have shown an eagerness to spend on new clothes, electronics and jewelry, in recent months — and retail analysts are betting that splurging will fuel the holiday season. Holiday forecasts from three different firms have predicted a sharp jump in…

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bengalbytes · 3 years

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Best Buy will sell luggage, grills as it seeks to capitalize on reopening economy, housing market

A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy is starting to sell luggage and outdoor grills, as it tries to take advantage of the rebounding travel industry and the popularity of investing in the home. The consumer electronics retailer said Tuesday that shoppers can now find Tumi suitcases, Weber grills and other outdoor…

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#Best Buy Co Inc #Breaking News: Business #Business #business news #Computer and electronics retail #Lowe&x27;s Companies Inc #Online retail #Retail e-commerce sales #Retail industry #Target Corp #Walmart Inc

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reportwire · 2 years

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Home remodeling could finally cool, bringing these stocks back to earth

Next to Netflix, home renovation may have been the biggest stay-at-home play of the pandemic. From new home offices to expanded decks to basement gyms, homeowners have been upgrading and expanding their spaces at record rates for the past two years. That trend appears to be slowing down. After big projected jumps in the first half of this year, the gains in renovation spending will top out in…

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#business news #Home Depot Inc #housing #Lowe&x27;s Companies Inc #Masco Corp #mortgages #real estate #Sherwin-Williams Co

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freenewstoday · 3 years

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New Post has been published on https://freenews.today/2020/11/17/stock-futures-little-changed-after-pause-in-the-record-rally/

Stock futures little changed after pause in the record rally

U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities.

Dow futures fell 16 points. Futures for the S&P 500 and Nasdaq-100 lost 0.04% and 0.03%, respectively.

On Tuesday, the Dow Jones Industrial Average fell more than 167 points, dragged down by Walgreens, Home Depot and Walmart. The S&P 500 lost 0.5%. Tuesday’s session was the first time in three days the Dow and S&P 500 fell, following their record closes on Monday.

The Nasdaq Composite was the relative outperformer, dipping just 0.2%. Tesla shares popped more than 8% after after S&P Dow Jones Indices said that the electric vehicle company will join the S&P 500.

Small-caps continued to outperform on Tuesday with the Russell 2000 gaining 0.37% to close at another record.

“For the most part, the economy has been recovering faster than many expected, as consumer spending has held up quite well throughout the crisis. Much of this can be seen through consumer spending habits, where the pandemic has caused consumers to shift spending away from service-oriented products and into to more goods-related products,” Charlie Ripley, Senior Investment Strategist for Allianz Investment Management, said in a note.

“While this has been beneficial to the economy overall, it has created a bifurcated recovery, as some sectors of the economy continue to be extremely depressed,” he added.

Stocks are having a strong month on the back of positive news from two U.S. drugmakers about successful Covid-19 vaccines. The Dow is up more than 12% and the S&P 500 is up more than 10% in November. The Nasdaq Composite is up more than 9%, lagging as investors ditch technology shares of cyclical plays.

Equities are rising amid a backdrop of worsening Covid-19 infections in the U.S. The U.S. seven-day average of daily new Covid-19 infections surpassed 150,000 for the first time on Monday, according to a CNBC analysis of Johns Hopkins data. Retail sales came in lower-than-expected for October as millions of Americans lost their unemployment benefits amid the surge in cases.

A slew of retailers report quarterly earnings on Wednesday, with Target, Lowe’s and TJX Companies set to report before the opening bell. Chipmaker Nvidia, Copa Holdings and L Brands report earnings following Wednesday’s session.

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#Breaking News: Markets #business news #Copa Holdings SA #Home Depot Inc #Investment strategy #L Brands Inc #Lowe&x27;s Companies Inc #Markets #NVIDIA Corp #Stock markets #Target Corp #TJX Companies Inc #United States #Walgreens Boots Alliance Inc.#Wall Street #Walmart Inc

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clothinglennyco · 2 years

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5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, shortly after a big earnings miss. A similar profit…

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hummingzone · 3 years

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Home Depot, Lowe's amp up focus on home pros, as consumers swap DIY projects for parties, travel

Home Depot, Lowe’s amp up focus on home pros, as consumers swap DIY projects for parties, travel

Home Depot has a flatbed distribution center in the Dallas area. It is opening more of the facilities across the country to help fulfill home professionals’ large orders. Melissa Repko, CNBC In a giant warehouse in Dallas, a fleet of forklifts carries big and bulky home improvement supplies from drywall and concrete to lumber. Box cars cut though the giant facility on a rail line. Trucks pull…

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#Breaking News: Business #Business #business news #Home Depot Inc #Home improvement store operators #Lowe&x27;s Companies Inc #Retail industry

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bengalbytes · 3 years

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How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat. “We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% dedicated to Home…

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