Stocks struggled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher, with huge gains in JDS Uniphase and AMD.
Find out why one Fast Money pro says, "From here, I expect to see upside resistance and maybe we even hit a ceiling in tech..."
Wal-Mart Stores posted a higher-than-expected quarterly profit on Thursday. John Lawrence, managing director of equity research at Morgan Keegan shared his earnings analysis on the firm.
Last week consumer credit for the month of September was reported and fell by -$14.8 billion. That marked the eighth consecutive month the consumer pulled in his/her horns. Consumers apparently continue to believe they are too highly leveraged and are working to pay down debt.
Stocks wobbled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher after some big news out of the sector.
The Mortgage Bankers Association said weekly purchases fell 11.7 percent to the lowest level since December 2000. Blame it on the homebuyer tax credit uncertainty, or maybe not. This, while 30-year fixed rate mortgages are below 5 percent.
U.S. futures remained slightly lower ahead of the open Thursday after Wal-Mart posted a 1.1 percent rise in third-quarter U.S. sales, compared to the same quarter last year, and U.S. mortgage applications pushed higher last week.
U.S. President Barack Obama ranked at the top of the list of the world's most powerful people, according to Forbes.
Weekly jobless claims are a big item for markets Thursday, but the earnings of retailers could ring up some early signals about the holiday season. Wal-Mart, the largest U.S. retailer, reports third quarter earnings ahead of the opening bell, as does department store chain Kohl's.
Thursday morning the markets await earnings from the world's largest retailer, Wal-Mart. What can you expect?
What follows is a roundup of corporate earnings reports for Thursday, Nov. 12.
The Dow rose for a sixth straight session Wednesday as the dollar hit a new 15-month low after Fed comments and strong Chinese economic data. Financial, material and IT stocks were the biggest gainers.
The weather may be getting colder, but sales for intimate apparel are getting hotter, and Maidenform is feeling the heat, Maurice Reznick, the CEO of the intimate apparel maker, told CNBC.
In the midst of the dollar-dominated hot streak for the markets, what are the plays to make now? The Fast Money traders break it down for you.
Stocks are moving higher for the sixth day in a row and many investors are asking if is this rally is for real and does this market have legs? Bill Spiropoulos, CEO of CoreStates Capital Advisors and JJ Burns, president of JJ Burns & Company shared their market outlooks.
Wal-Mart is reporting third quarter earnings on Thursday and has so far out performed other retailers during the recession. The question is whether the retailing giant can continue to draw in customers as the recovery seems to be picking up. Giving their opinions Wednesday were Daniel Binder, senior equity research analyst and managing director at Jefferies & Co. and David Strasser, hardlines/broadlines retail analyst with Janney Montgomery Scott.
Historically and on average, the U.S Markets have been up about 58% of the time or more on the day of Veterans' Day. The S&P has averaged best of the major indices on the day of Veterans' Day, up an average of 0.1% and up 64% of the time.
Big retailers are changing how they manage shopping crowds this holiday season in order to prevent the injuries or deaths of recent years, the New York Times reports.
Stocks opened higher Wednesday as the dollar fell to its lowest level in 15 months and economic data out of China was strong.
Stock index futures pointed to another higher open on Wall Street Wednesday as the dollar hit a new 15-month low after Federal Reserve officials reinforced the view that rates will remain low for some time.