Christmas season retail hiring is expected to significantly outpace the level seen in 2013.» Read More
Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.
Some of the names on the move ahead of the open.
Aug 14- Department store chain Kohl's Corp reported a 1.1 percent decline in quarterly sales, largely due to lower traffic at its stores. The company's net sales fell to $4.24 billion in the second quarter from $4.29 billion a year earlier.
NEW YORK, Aug 13- U.S. stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.
Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.
U.S. stocks closed higher for the third time in four days as a rally in tech, airlines and biotech firms helped lead gains.
Stocks have hit an air pocket, floating higher as investors for now look past all the worries of the last couple of weeks.
NEW YORK, Aug 13- U.S. stocks rose on Wednesday, with the Dow returning to positive territory for the year as the market shrugged off weak earnings reports and a slump in retail shares. Biotech shares surged, with the Nasdaq biotech index climbing 2.1 percent on the back of stocks including InterMune Inc and Jazz Pharmaceuticals PLC.
There's decent economic data, but a number of companies are still not getting much traction. Macy's is a good example of this.
*Amazon boosts Nasdaq after introducing card device. NEW YORK, Aug 13- U.S. stocks rose on Wednesday, with the Dow returning to positive territory for the year as signs of easing tensions in Ukraine overshadowed weak readings on consumer spending.
Take a look at some of Wednesday's midday movers:
Macy's reported quarterly earnings that missed analysts' expectations and said the full year would be weaker than expected.
*Amazon introduces card device, shares rally. NEW YORK, Aug 13- U.S. stocks rose on Wednesday, with the Dow turning positive for the year as investors sought bargains amid signs of easing tensions in Ukraine and Iraq, which overshadowed some weak reads on the retail sector.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
U.S. stock-index futures pointed to a higher open on Wall Street on Monday, on hopes that interventions in Iraq will prove limited.
Despite overseas unrest, Cramer thinks the backdrop for stocks is relatively bullish. Here's what's on his calendar.
There's a slew of data coming in the week ahead, but it's geopolitical events that could keep markets volatile—particularly when it comes to Russia.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
With everyone distracted by Ukraine and Russia, Europe is becoming an increasing risk for markets.
As children and teens have a growing influence on purchases, stores with the latest trends will position themselves to win back-to-school sales.