Stocks closed modestly higher on Wednesday, cutting in half the losses sustained Wednesday when a commodity rout roiled global markets.
Stocks traded modestly higher in the final hour of trading on Thursday as a commodity rout that roiled global markets on Wednesday reversed.
As retailers begin to report their first-quarter earnings later this week, this much we know: Sales were strong online. But the same trend juicing e-commerce sales—high gas and food prices—also may be forcing consumers to put the brakes on their spending, and that could make retail stocks a tough sell after the first-quarter earnings results are out.
The late timing of the Easter holiday helped retailers report April sales that outpaced analysts' estimates, however, there were some signs that consumers are facing increasing pressure from gas prices.
Retailers are expected to get a boost from a late Easter when they report their monthly sales on Thursday. The Thomson Reuters Same-Store Sales Index is expected to post an 8.4 percent increase in April, compared with April 2010's 0.7 percent gain. A rundown of the estimates.
As investors send prices soaring for not only gold, but now also silver, consumers have been unearthing ancient stashes of silverware, teapots and jewelry from long-discarded beaus, and trading them in at pawn shops or selling them on eBay for cash. The New York Times reports.
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As retailers gear up to report monthly same-store sales Thursday, analysts are expecting March to be a challenging month with the late arrival of Easter and rising gas prices.
Stocks posted the best first quarter in more than a decade, although the last day of the quarter was fairly lackluster, with stocks dropping just before the close in another low-volume session. AmEx and Intel led Dow decliners, while 3M rose.
Stocks fell just before the close during in another low volume session, but the market remained on track to post the best quarterly results in more than a decade.
Is $106 the breaking point for oil? First, some traders insisted $100 oil was the line in the sand: go over it, and our rally would falter. But it didn't happen: after a brief, three-week flutter, the major indices are knocking on the door of their old highs.
We've put together a shopping list of catch phrases that apply to the consumer economy.
The mobile phone as a tool for shopping actually has the potential to bridge traditional retail and digital retail in a way that couldn’t have been otherwise possible.
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.
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.
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.
Cash-strapped states combined with the rapid advancement of e-books could spell the end to the public library over the next 10 years.
Today's action suggests stocks may still be able to advance with oil at $100, but it's dicey above that. Mid-morning stocks weakened as oil moved to $102, but stocks gradually recovered even as oil has held in near $102. At 2pm ET major indices were flat, more up stocks than down stocks.
Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. Intel rose, while Microsoft fell.