To help shoppers find the best sales Labor Day, here are mobile apps for iOS and Android devices recommended by Trae Bodge, senior editor for retailmenot.com.» Read More
Aug 26- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year.
Autozone Inc. fell $5.42 or 1.0 percent, to $535.52. Bed Bath& Beyond Inc. rose$. 01 or percent, to $64.35. Best Buy fell $1.96 or 6.1 percent, to $30.03.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Doral Financial Corp. fell 19.1 percent to $6.76. Movado Group fell 7.7 percent to $40.64.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose. 2 percent to $16.33 with 61,753,500 shares traded. Best Buy Co. fell 6.8 percent to $29.80 with 24,954,800 shares traded.
Sean Lyons, a 23-year-old bike messenger, divides his time between three different on-demand delivery services.
After Best Buy's top line beat, but light revenue and a soft outlook, Stacey Widlitz, SW Retail Advisors Inc, thinks the company has fallen so far behind.
Some of Tuesday's midday movers:
Two ways to play Best Buy shares after the company's earnings, with FMHR traders Jon Najarian and Stephen Weiss.
CNBC's Courtney Reagan reports what Best Buy CEO Hubert Joly had to say about store traffic.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, has tripled this month. NEW YORK, Aug 26- U.S. stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue.
NEW YORK— Encouraging economic news is sending the stock market further into record territory. A surge in consumer confidence helped push the Standard& Poor's 500 past 2,000 Tuesday morning, a day after the index closed just short of that milestone. Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain.
Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected revenue for the third straight quarter, as fewer people bought PCs and electronics, and those who did increasingly bought them online.
Autozone Inc. fell $2.07 or. 4 percent, to $538.86. Bed Bath& Beyond Inc. fell$. 22 or. 3 percent, to $64.12. Best Buy fell $1.92 or 6.0 percent, to $30.08.
*Best Buy tumbles after results, DSW higher. *Digital Ally gains again, has tripled this month. "People aren't going to do anything too aggressive until there's some kind of catalyst, either positive or negative, and we may end up consolidating around 2,000 for a while," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
CNBC's Courtney Reagan spoke to Best Buy CEO Hubert Joly, about declining store traffic and the company's focus on growth.
Investors are trying to get the S&P 500 Index through 2000 again, but I'm not sure there is a catalyst to keep it there given the mixed data.
NEW YORK— Stocks are opening higher as investors welcomed the latest corporate deal news, sending the Standard& Poor's 500 index back above 2,000.. Burger King rose 2 percent after confirming that it would buy Tim Hortons of Canada. Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain as more customers buy products online.
Wall Street was seen opening flat on Tuesday, with Dow futures marginally higher and S&P 500 futures slightly lower.
*Best Buy tumbles after results, DSW higher. *Digital Ally gains before bell, has tripled this month. Nonetheless, further gains may be a challenge without positive catalysts and amid potential headwinds such as a reduction in Federal Reserve stimulus and a simmering conflict between Ukraine and Russia.
Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online.