Stocks declined Tuesday as investors digested a slew of Fed statements. Disappointing comments from Home Depot and a rebound in the dollar weighed on the market.
NEW YORK (Reuters) - Off-price retailer TJX Cos Inc <TJX.N> reported a higher-than-expected profit in the third quarter as cash-strapped consumers continued to flock to its stores for lower-cost apparel and home goods.
U.S. stock index futures headed for a lower open Tuesday, after ending sharply higher in the previous season, as European stocks led the declines and added to the negative sentiment.
Monday, 16 Nov 2009 | Source: The Associated Press
Improved retail sales gave Wall Street a boost Monday but provided little hope for a robust holiday shopping season that might invigorate the economic recovery.
Monday, 16 Nov 2009 | Source: The Associated Press
Discount retail operator TJX Cos. reports results for the third quarter on Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Monday, 16 Nov 2009 | Source: The Associated Press
Retail sales likely rose in October with part of the strength coming from a rebound in auto sales. Even with a gain, economists worry that consumer spending, the critical ingredient for overall economic growth, could falter in the months ahead.
Sunday, 15 Nov 2009 | Source: The Associated Press
There's a tug of war in the financial markets between investors who believe the economy is on its way to a strong recovery and those who believe a rebound is likely to be slow and bumpy.
U.S. retailers are expected to post positive October sales results this week, but investors hoping for a clear signal on economic recovery could be in for disappointment.
You have to love our Fed Chairman who said "we are attentive...to the value of the dollar and will continue to formulate policy to guard against risks to our dual mandate to foster both maximum employment and price stability... Read More