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U.S. stocks pulled back from recent highs to close lower, as investors weighed soft auto sales and looked ahead to domestic data.
*Best Buy climbs after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. It's predicated on the fact that when you get up around new highs market participants tend to get a little vertigo, "said Art Hogan, chief market strategist at Wunderlich Securities in New York.
Best Buy reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.
Michael Lasser, UBS Retail analyst, provides analysis on Best Buy's quarterly numbers.
Insight on Best Buy's earnings, with CNBC's Courtney Reagan , who spoke with CEO Hubert Joly.
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, on Tuesday reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.. Chief Executive Officer Hubert Joly said on a conference call that Best Buy planned this year to start a cost-cutting effort to save $400...
*Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. "The market is naturally settling in, taking a breather until the scales tip either way to commence the next move to continued to new heights or a consolidated pullback," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
U.S. stock index futures fell on Tuesday, ahead of auto sales and amid earnings from big-name retailers like Best Buy and Dick's Sporting Goods.
Some of the names on the move ahead of the open.
*Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. *Electronics retailer Best Buy climbed 4.8 percent to $40.50 in premarket trade after it reported quarterly results, announced a special dividend and the resumption of its share repurchase plan.
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season. The company's shares rose 4.6 percent at $40.40 in premarket trading, after Best Buy said it would buy back $1...
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a 2 percent rise in quarterly same-store sales, helped by higher sales of large-screen televisions and mobile phones in the holiday shopping season. Net income attributable to Best Buy shareholders jumped to $519 million, or $1.46 per share, in the fourth quarter ended Jan. 31, from $293...
U.S. stock index futures fell on Tuesday, ahead of earnings from big-name retailers like Best Buy and Dick's Sporting Goods.
Stocks could stay on cruise control, with auto sales as a potential catalyst, as traders watch for another new high in the Nasdaq.
Jim Cramer was happy to take a breather on Friday, as he thinks this will create plenty of excitement next week.
Major retailers are going through big changes amid online sales growth.
Insider selling by executives surged last week, a troublesome vote of no confidence on this bull market.
Jim Cramer is tired of the amateur mindset of disbelief to this bullish market. Here's how to make money with skepticism instead.
Best Buy has a new tactic that Brian Sozzi says could be good news for sales. Plus, get ready: The Dyson robots are coming.
Here's why markets shouldn't be worried about Greece not honoring past debt agreements, says Michael Yoshikami.