Short sellers are upping their bets on retailers closely tied to the back-to-school season—despite the companies' positive forecasts.» Read More
For the second year in a row, selling in May hasn't panned out the way people thought it would.
The median pay package for a CEO rose above eight figures for the first time last year.
The market is schizophrenic. It's time for the Fed to get lost — and let the recovery chug along on its own, says Michael Farr.
May 22- Teen apparel retailer Aeropostale Inc forecast a bigger-than-expected loss for this quarter as it struggles to keep pace with changing fashion trends. Aeropostale shares fell 18 percent in extended trading at $3.70.
Some of Wednesday's midday movers:
NEW YORK, May 21- Wall Street was set for a modestly higher open on Wednesday, with the S&P 500 on track to rebound from a broad selloff in the prior session ahead of the release of minutes from the most recent meeting of the U.S.
*New York Federal Reserve President William Dudley said on Tuesday inflation should "drift upwards" towards the Fed's 2 percent goal, but a swift climb in inflation was unlikely; Philadelphia Fed President Charles Plosser said the $2.5 trillion in reserves accumulated by banks could be the trigger for more rapid inflation.
*Aeroflex jumps; Cobham to buy Aeroflex for $1.46 bln. NEW YORK, May 20- U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies.
NEW YORK, May 20- U.S. The Fed likely will be "relatively slow" in hiking interest rates, New York Federal Reserve President William Dudley said at a New York event. "was very dovish," said Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch in New York.
NEW YORK, May 20- U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in the afternoon, led by losses in the retail sector after disappointing results from Staples and TJX Companies.
*Wall Street off as retail earnings disappoint. Retailers such as TJX Companies, which posted lower-than-expected quarterly revenue, were among the biggest drags on U.S. stocks, along with Caterpillar, which said retail statistics for the three months to April were down 13 percent.
The retail sector is in secular decline, hedge fund manager David Berman said, but there are winners to be found.
NEW YORK, May 20- U.S. stocks fell on Tuesday as retailers' shares dropped after earnings from TJX Companies and Staples halted the market's two-day winning streak.
*Wall Street off as retail earnings disappoint. "There's a little bit of risk-off sentiment given the declines in stocks," said Kim Rupert, managing director for fixed income at Action Economics in San Francisco.
Art Cashin of UBS Financial Services tells CNBC's Bob Pisani why investors should be watching for a key level on the Nasdaq.
Some of Tuesday's midday movers:
*Wall Street lower as retail earnings disappoint. NEW YORK, May 20- Global stock indices were lower on Tuesday after weaker-than-expected earnings, while the dollar fell for a fifth straight session against the yen.
*Lowers top-end of profit outlook to $3.17/ share from $3.19. May 20- TJX Cos Inc, the owner of off-price chains TJ Maxx and Marshalls, cut the top-end of its full-year earnings outlook after reporting lower-than-expected comparable store sales due to weak demand for apparel.
NEW YORK, May 20- U.S. stocks dipped on Tuesday, weighed down by retailers after earnings from TJX Companies and Staples. Staples Inc tumbled 10.8 percent to $11.95 after the office supply retailer posted first-quarter earnings and forecast a decline in sales in the current quarter.
May 20- TJX Cos Inc, the owner of off-price chains TJX Maxx and Marshalls, reported lower-than-expected quarterly revenue as sales of discretionary items such as apparel and home goods were weaker than expected.