Are the dog days of August ahead? Stocks pulled back from their highs of the week, with the S&P 500 off 0.85%, the Dow sliding 0.82% and the Nasdaq down 1.19%.
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall.
The sentiment is that the markets are due for a pullback, but is this your next buying opportunity?
The back-to-school shopping season has begun and although spending is expected to decrease in most categories, industry analysts anticipate seeing growth in PCs and consumer electronics.
How consumers behave during this year's back-to-school shopping season could give us our first taste of what's to come for the broader economy.
The Consumer Price Index was unchanged for the month of July from June, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 2.1%, marking their sharpest decline since 1950.
The press’ demand for a prefect earnings season is causing them to miss the big picture.
Thursday's market activity was headlined by bad news, but rose despite a jump in jobless claims, a dip in retail sales and a new report showing a 7% increase in foreclosures.
The economy's bumpy progress is giving the stock market more reason to pause, but the bulls are hanging on for the time being.
To hyphenate or not to hyphenate, that is the question on the minds of many business editors today. More than a year after changing its logo to the unhyphenated "Walmart" followed by a star burst, the world's largest retailer issued an editor's note today regarding the proper usage of its name.
Stocks turned mixed in afternoon trading Thursday as the bump from the encouraging business-inventories report faded and cracks emerged in the rally. But jobless claims rose unexpectedly by 4,000 to 558,000. A couple of retailers beat earnings expectations, including retail titan Wal-Mart.
Nordstrom came in in-line with expectations, but guidance is slightly more positive.
Stocks eked out a gain after a late rally Thursday as investors cheered an encouraging business-inventories report, the latest sign that the recession is winding down.
On the heels of my blog about whether or not Wal-Mart wants to be called Wal-Mart, Walmart, or Wal-Mart Stores, Inc., I got an earful about all the other confusing names out there. Is it K-Mart or Kmart? Bank of America-Merrill Lynch...really?
Plus, get calls on the banks, retail and more.
Plenty more retail earnings and commentary ahead. Just don't expect a lot of gushy, positive comments--there's little incentive to do so.
The markets are marginally higher during intraday trading, despite a jump in jobless claims, a dip in retail sales and a new report showing a 7% increase in foreclosures.
There are still problems in the economy that have to be fixed before the market can continue its upward trend, said Andrew Kanaly, chairman of the Kanaly Trust Company and Bryan Piskorowski, managing director at Wells Fargo Advisors.
Wal-Mart: good earnings, but no significant sales growth on the horizon, and the stock price is reflecting that fact.
There's a new rule book of sorts on how to spell the name of the world's largest retailer. Media outlets are being notified by 'Walmart' (Wal-Mart? Wal*Mart?) via an editor's note at the end of news releases