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Stocks pulled back Thursday after a higher open as Cisco dragged on the Dow.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
Analysts are expecting a late start to the back-to-school shopping season, and that means that retail sales reports for July, which are due out Thursday morning, will likely be weak.
After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy's and Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.
As CIT works to avoid bankruptcy, many who track the retail industry are concerned that CIT's troubles will set off a chain reaction that will leave retailers in the lurch during the critical holiday season.
Both the Dow and S&P powered higher after solid results from Intel reinforced hopes for an economic recovery and a rebound in technology spending.
The Dow closed down by triple digits on Thursday with the widespread selling extended for an extra 15 minutes on the NYSE...
Following are the day’s biggest winners and losers. Find out why shares of Nucor and The Hartford popped while Macy’s and Rio Tinto dropped.
Stocks advanced Thursday, but ended well off their earlier highs, amid weakness in techs and consumer discretionary as oil topped $73 a barrel.
Jim Iuorio, director at TJM Institutional Services, and Brian Kelly, president at Kanundrum Research, weighed in on the best places to invest now.
One of the most important economic indicators for the stock market, comes out Friday before the bell. And traders are taking their position now!
Wal-Mart Stores, which accounts for some 15 percent of the retail industry sales, has stopped reporting its same-store sales on a monthly basis. The result is an empty feeling that we're somehow missing part of the retail picture.
Auto makers are posting May sales that are the best for 2009; Ford's economists are estimating that May vehicles sales were roughly 10.4 million; if true that is well above the consensus of 9.4 million.
Stocks soared Monday as investors were encouraged by economic reports out of China and the U.S. and breathed a sigh of relief that General Motors finally filed for bankruptcy protection.
NASDAQ: highest since Oct. S&P: highest since Nov. Russell 2000: highest since Nov. The markets are trading on renewed appetite for risk based on the green shoots theory.
Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S. and shrugged off the General Motors bankruptcy filing.
Last night debt-laden Toys R Us thrust itself into the high-end toy business by purchasing struggling toy chain FAO Schwarz. The two toy chains are surviving thanks in part to the financial backing of three prominent private equity firms.
The market’s rally today was driven by the strong May consumer confidence numbers released at 10am ET this morning. With confidence building, the hope is that the consumer will start spending again.
Most of the large retailers have reported, and the results are better than expected, at least on the bottom line.