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Stocks were slightly higher but trading in a narrow band after a batch of economic data confirmed slow growth in the U.S. economy and as traders awaited more clarity concerning a potential bailout of Ireland's banks. Merck rose, while Home Depot fell.
U.S. stock index futures remained higher ahead of the open Wednesday after news that inflation remains tame, but housing starts were weak, as investors looked ahead to a massive stock offering from General Motors.
General Motors drives its massive IPO to market Wednesday, against a backdrop of worry about a China-led slowdown and the possible bailout of Ireland.
With 13 retailers reporting earning next week, the "Fast" traders share which they'll be listening to.
With the reversal in the markets, the traders recommend watching these key levels in the S&P.
When it comes to ringing in the holiday season, some retailers do it with bows, ribbons, candles, lights and trees. Others do it on a grander scale: Macy’s has the Thanksgiving Day parade, Neiman Marcus has its fantasy gift catalog, Lord & Taylor has its festively decorated windows along New York’s Fifth Avenue—and Victoria’s Secret has its fashion show. A look at the show and the stock.
Each year, Victoria's Secret kicks off its holiday-selling season with a runway event, designed to build excitement about its products. Not that they need much convincing this year.
Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.
There are a couple of key takeaways from October sales: sure it was a month that relied heavily on markdowns to drive sales, but shoppers also need to see something fresh and new at the store. A look at Limited Brands, and what they're doing right.
Stocks gained after President Barack Obama said he was open to extending the Bush-era tax cuts to all income levels. Boeing and Caterpillar gained.
Retailers largely reported better-than-expected sales in October, providing some momentum heading into the Christmas holiday shopping season.
Fed policy captures traders' attention. Also: October retail same-store sales were a mixed bag: some tricks, some treats. It's important to note that estimates have been coming down all month, and only about half have beat the consensus.
Just in time for the holidays, it looks like the luxury consumer is back. “We’ve been hearing that luxury goods sales globally, have been accelerating, and it’s in all categories, whether it is watches and jewelry or whether it is fashion and leather goods," said Dana Telsey, chief information officer at Telsey Advisory Group, in an interview on CNBC. "The demand is there.”
The Dow Jones industrial average and the Standard & Poor's 500 index are both up more than 5 percent this year, and barring something dramatic will finish in the black.
Stocks ended mixed after a volatile session as investors cautiously anticipated monthly jobs data and third-quarter earnings reports. Alcoa and Verizon fell, while GE and DuPont rose.
Stocks were modestly lower ahead of the closing bell, ending a volatile session marked by a handful of encouraging economic reports, a rising dollar, and investor caution ahead of quarterly earnings reports and monthly jobs data. Verizon and Alcoa fell, while GE rose.
Stocks were mixed Thursday as the Dow backed off after nearing striking distance of 11,000 for the first time since May. Pfizer and GE rose, while AT&T fell.
A late burst of back-to-school shopping helped many U.S. retail chains to top analysts' estimates in September.
September same store sales are in, and the vast majority have to be pleasantly surprised... How surprised? Overall, September same store sales are up 2.7 percent, versus expectations of 2.3 percent, according to RetailMetrics.