Stocks retreated from multi-year highs on Tuesday, led by energy and materials stocks, as investors digested a mixed bag of economic news, including disappointing retail sales in December. Exxon fell, while Verizon rose.
Stocks continued to trade off multi-year highs after a slew of economic news, including a weak reading on December retail sales. Exxon and DuPont fell, while JPMorgan rose.
Retailers have outperformed the S&P 500 by a wide margin since the September rally began (the exception was a brief stretch in December and January). But the Street is getting nervous.
Retailers such as JCPenney, Target and Walgreens are partnering with magazines like Glamour, PeopleStyleWatch and Modern Bride to leverage their fashion authority to help sell everything from tops to bridal gowns to lipstick.
Things are nowhere near as bad as some investors are making them out to be.
Stocks ended slightly up on Thursday, but the "Fast Money" traders found these market movers to be the most interesting.
Stocks ended slightly higher after trading lower most of the session as Federal Reserve Chairman Ben Bernanke indicated the central bank would continue to stimulate the economy, even amid signs of growing strength in the U.S. economy, evident in news out early in the session. Cisco and BofA rose, while Merck fell.
Stocks turned higher after Federal Reserve Chairman Ben Bernanke indicated the central bank would continue to stimulate the economy, even amid signs of growing strength in the U.S. economy. Cicsco and Bank of America rose, while Merck fell.
Stocks fell Thursday as investors weighed strong signs of an economy on the mend against increasing worries over Egypt and signs pointing to an end to the recent rally. Merck and Alcoa fell, while Bank of America gained.
Fears that winter weather would result in disappointing retail sales may have been overblown, as several retailers have not only reported better-than-expected monthly sales reports, they are also raising fourth-quarter earnings estimates.
January retail sales surprise mostly to the upside, with little whining about the weather. They did it again: despite a lack of clearance inventory, tough comps, and snowstorms, most retailers posted gains in January.
Gap's North American President Marka Hansen is leaving the company after 24 years, effective Friday, following a weak holiday season by the clothing brand.
Stocks ended sharply higher as the Dow and the S&P 500 hit new multi-year highs, easily erasing losses from Friday's sharp sell-off on turmoil in Egypt as investors focused on upbeat earnings and economic news.
Stocks added to solid gains on Tuesday, pushing the Dow and S&P 500 to multi-year highs, as the market easily erased losses from Friday's sharp sell-off in the wake of turmoil in Egypt as investors focused on upbeat earnings and economic news. Pfizer and Alcoa rose, while P&G fell.
As a winter storm stretches across two-thirds of the US, it is worth reflecting just how bad Old Man Winter has been treating us and what impact this will have not only on retailers, but also on the economy.
There are two events this week that underscore why many retail analysts aren't offering a full picture of the retail industry: Apple's earnings report and LivingSocial's deal with Amazon.
The news that Starbucks is dropping the company name and the word "coffee" from its logo set off a media firestorm.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Despite those strong sales gains, why aren’t their stocks moving much to the upside?
Despite reporting some of the strongest sales gains in four years, retailers largely fell short of Wall Street's estimates as a still-cautious consumer spent their money carefully, and a Northeast blizzard stole from post-Christmas sales.