Check out which companies are making headlines before the bell: Foot Locker – The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.26 per share, beating estimates by a penny a share. Revenue was slightly below forecasts, however, and Foot Locker also saw comparable-store sales fall 3.7 percent. Analysts surveyed by Thomson Reuters […]
After slipping early, stocks gained back ground on Friday, as banks and tech firms cut losses and pulled broader indexes higher. The Standard & Poor’s 500-stock index closed up, after falling by more than 1 percent early in the day. The rocky open to the trading day followed broad declines in Europe and Asia, as […]
U.S. markets recovered most of their early losses on Friday as 2018 keeps up a highly-volatile year on the exchanges. The Dow Jones industrial average dropped more than 350 points out of the gate, but recovered most of those losses to close down 70 points, less than one-third of a percent, at 24,538. The Standard […]
The Cboe Volatility Index spiked on Thursday, jumping more than 20% to hit a two-week high as stocks sold off in the wake of an announcement that President Donald Trump would be instituting trade tariffs on steel and aluminum. The VIX VIX, +13.20% jumped 25% to 24.76, its highest level since Feb. 14 and its […]
March rolled in like a lion, taking a big bite out of stock market gains, and it may be a sign of more to come as investors consider a more aggressive trade policy from the White House, analysts said. Many strategists have been expecting the market to recover from February’s lows without a retest, but […]
President Trump’s vow to impose tariffs on steel and aluminum next week rattled financial markets Thursday. Stocks, which had already been down for the day, slipped further after the White House announced the planned tariffs. The Standard & Poor’s 500-stock index fell 1.2 percent to 2,682 Thursday afternoon, after falling roughly 2 percent earlier in […]
Asian stocks declined on Friday, with steel producers and automaker names recording steep drops. The fall in regional markets tracked sharp losses on Wall Street following a tariff announcement from U.S. President Donald Trump. Trump said on Thursday that the U.S. will impose tariffs of 25 percent for steel and 10 percent for aluminum. The […]
After rebounding for several days following an early-February plunge, the Dow Jones industrial average fell nearly 300 points on Tuesday. The reason: Federal Reserve chairman Jerome Powell told Congress that “inflation is moving up to target” and that the Fed will keep raising rates this year — despite the recent market volatility — to keep inflation in […]
World stocks were set to snap a record 15-month long winning streak on Wednesday, tumbling another quarter percent after new Fed boss Jerome Powell’s comments suggested the possibility of four U.S. interest rate rises this year rather than three. Barely recovered after an early-February sell-off, equity sentiment has been shaken by Powell and by data […]
Check out which companies are making headlines before the bell: Lowe’s – The home improvement retailer reported adjusted quarterly profit of 74 cents per share, missing the 87 cent a share consensus estimate. Revenue beat forecasts, however, and comparable-store sales were up 4.1 percent versus a 3.1 percent consensus estimate. Lowe’s said it was accelerating […]
President Donald Trump said Wednesday that his administration was drafting an executive order that would ban rapid-fire gun bump stocks and appeared to embrace a series of gun-control measures that his party has long rejected. During an extraordinary hour-long discussion on school safety at the White House, his free-wheeling positions on guns appeared to startle […]
The world’s biggest pension fund will keep piling into stocks despite worries that markets are getting much less predictable after a nine-year bull run. Norway’s $1.1 trillion fund said Tuesday that it made a record 1 trillion kroner ($131.5 billion) in 2017. Its return jumped to 13.7% from 7% in 2016. Fund officials attributed their […]
