Stocks ended sharply higher after rallying throughout the session Thursday as an upbeat report on jobless claims and falling oil prices led investors to retrace losses from earlier in the week ahead of a key jobs report on Friday. Caterpillar and Bank of America gained.
Last year, Wal-Mart Stores lost U.S. market share to its competitors for the first time in a decade, according to calculations by Credit Suisse. Why did the retailer hit a wall?
Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
S&P futures moved to the highs of the morning after weekly initial jobless claims came in lighter than expected: 368,000 vs. 395,000 expected. However, the big story of the morning is the rally in the euro, and corresponding decline in the dollar.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
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Cash-strapped states combined with the rapid advancement of e-books could spell the end to the public library over the next 10 years.
Retailers had several headwinds to deal with in February; however, analysts are still expecting sales to be higher than the year-ago period.
Chatter on the Street suggests QE2 could be coming to an abrupt end.
This week's batch of earnings reports showed that Target trumped Wal-Mart Stores, but Target still needs to watch its back, because other retailers are grabbing a bigger chunk of the consumer budget.
What follows is a roundup of corporate earnings reports for Thursday, Feb. 24.
Stocks ended mixed as the Dow and the S&P 500 posted moderate losses, falling for a third straight session, while tech stocks lifted the Nasdaq, as investors kept their attention on the events unfolding in the Middle East. HP fell, while GE rose.
Stocks fluctuated in the final hour of the session, adding back losses even as oil prices continued to fall amid rumors involving Libyan leader Muammar Gaddafi. HP fell, while GE rose.
We're hearing that the parallels between now and the opening months of 2008 are really quite frightening. Get all the details!
Stocks traded mixed Thursday as investors remained focused on the events in the Middle East, and shrugged off largely positive economic news. HP fell, Chevron gained.
Inflation jitters in Asia and soaring oil are shaping Thursday's market.
Stock index futures turned positive after news of an unexpected fall in jobless claims and a jump in durable goods order, as investors remained skittish by spreading unrest in the Middle East.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.
Are Wal-Mart's problems about to become everyone else's? Probably not, and that may be the most telling statement about where Wal-Mart is at this moment in time. It used to be, if Wal-Mart wanted to be more aggressive, other retailers needed to look out.