Nikkei Shoots to Fresh Highs; US Rally Supports
Macy's Inc
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JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
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Stocks looked set to go three for three, opening lower once again as doubt about the effectiveness of government intervention seeped deeper into the market. The Dow fell nearly 200 points, or 2 percent, in the first few minutes of trading.
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Department store operator Macy's posted a smaller-than-expected loss on Wednesday, and reiterated its forecast for the year.
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The joke on the Street this morning is that Starbucks wants to be part of the TARP—that Peolosi and company thinks everyone needs a $5 latte in this economy
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Stock index futures indicated another down day for Wall Street, as investors doubted whether government intervention would alleviate economic turmoil.
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Stocks are stuck in the bear market's tight grip and just can't shake loose, even for seemingly good news.
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Stocks fell to their lowest levels in two weeks as worries about a global slowdown spooked the market.
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Stocks continued to slide Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.
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Stocks continued to slide Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.
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Investors are growing more worried about the health of retail, especially after Circuit City filed for bankruptcy protection.
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Like anxious relatives in a hospital room, investors have been watching the economy get sicker and sicker with new symptoms surfacing daily.
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Stocks bounced back after a two-day selloff as traders shrugged off a bigger job loss than expected. It was a welcome reprieve after the bloodbath of the last two days but wasn't enough to dig out stocks completely and the Dow ended down 4 percent on the week.
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For the week, the major industries saw uniform declines: Dow Industrials down 4.1 percent, S&P 500 down 3.9 percent, NASDAQ down 4.3 percent. However, financials were down 8.1 percent, while consumer staples were down only 1.2 percent.
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Soleil Securities CIO Vince Farrell looks at battered stock prices — and sees bargains. Here are his top four stock picks.
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Retailers are reporting some of the weakest sales in more than a decade as consumer spending dried up in October amid the uncertainty brought on by the financial crisis and mounting layoffs.
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Facing the weakest holiday season in nearly two decades, retailers and the vendors who keep their shelves stocked are walking a fine line between helping each other stay afloat and protecting their profits.
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Halloween isn't just about crazy costumes and sugar highs. For advertisers it represents the unofficial start of holiday-season advertising. Expect to start seeing plenty of ads in your paper urging you to go shopping.
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These are strange days indeed. Despite horrible headlines some stocks are trading higher. Much higher.
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U.S. stocks had another wild swing in the final 15 minutes of trading that pumped up the Dow from a gain of about 50 points to nearly 200 points as traders largely shrugged off this morning's GDP report that showed the economy is shrinking.
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U.S. stocks joined in the global rally Thursday despite this morning's report that the economy is shrinking.
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The retail environment looks bleak, but some are betting on an unlikely sector: menswear.