|Day's Range||2,831.44 - 2,850.49|
|52 Week Range||2,417.35 - 2,872.87|
The Dow pops for its best day in 4 months
Comparable store sales excluding gas jumped 4.5%.
Investing.com - The Dow had its best day in months as investors cheered bullish earnings from Walmart and optimism over U.S-China relations as both parties will resume trade talks.
Upscale department store chain Nordstrom Inc. reported a 47 percent jump in second-quarter earnings on solid sales growth, and it raised its profit outlook for the year. Nordstrom's stock was up almost 8 percent in after-hours trading following the release of the earnings report. Nordstrom said 34 percent of its sales came through digital channels in the quarter, up from 29 percent a year ago.
Summer Anthem. Stocks started out strong Thursday and just kept getting stronger, as investors cheered upcoming talks between the U.S. and China. •...and explain why Chipotle Mexican Grill (CMG) was the S&P 500's worst-performing stock. Forget Your Troubles and Just Be Happy Stocks shook off Wednesday's blues to close broadly higher, as optimism about China pushed Turkey to the back burner, although there was good news on that front, too.
NEW YORK (AP) — U.S. stocks jumped Thursday as China and the U.S. said they will hold their first trade discussions in months, a potential sign of progress toward ending their trade war.
By Stephen Culp NEW YORK (Reuters) - U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor ...
U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence. A broad rally pulled all ...
These are today's winners and losers from the S&P 500. More from Bloomberg.comAmazon in Running to Acquire Landmark Movie ChainStocks Surge on Walmart Strength, China Optimism: Markets WrapKudlow Says China Shouldn’t Underestimate Trump on TradeRead S&P 500 Winners and Losers for 08/16 on bloomberg.
U.S. stocks jumped Thursday as China and the U.S. said they will hold their first trade discussions in months, a potential sign of progress toward ending their trade war.
The Santa Clara, California-based company said it had net income of $1.76 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.94 per share. The results surpassed Wall ...
U.S. stocks rally to close higher Thursday, with the Dow having its best day in four months, on strong corporate earnings from Walmart Inc. and Cisco Systems Inc. News that the U.S. and China are prepared to resume trade talks next week also bolstered investors’ sentiment.
Although credit for the recovery was assigned to comments by China’s Ministry of Commerce that it would seek talks with U.S. officials to resolve the budding trade war between the two countries, the fact that just the prospect of mere chats among low-level policy officials was enough to spark animal spirits shows that traders believe it’s far from the time to get defensive. It was only last month that the International Monetary Fund reiterated its forecast for the global economy to expand 3.9 percent this year, the fastest pace since 2011. There are certainly trouble spots around the globe — China, Turkey, Argentina — but nobody really feels the worldwide economy is in true jeopardy as long as the U.S. keeps humming.
U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States this month and Turkey's lira continued its recovery. China said that a ...
The Dow Jones Industrial Average notches a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower, and extended it on Thursday despite a powerful rally.
Applied Materials Inc. (amat) shares fell 3.7% in the extended session Thursday after the company beat on the top and bottom line but issued weaker-than-expected guidance for the fiscal fourth quarter. Adjusted for items related to acquisitions and taxes, among other things, earnings were $1.20 a share. Analysts surveyed by FactSet had estimated adjusted earnings of $1.17 a share on revenue of $4.43 billion.
The Dow Jones Industrial Average enjoyed its best day in about four months as a rally in shares of retailing giant Walmart Inc. (WMT) and an apparent easing of China-U.S. trade tensions helped to support a broad rally on Wall Street. The Dow (DJIA) gained about 400 points, or 1.6%, at 25,559, registering its best one-session rise since April 10, the S&P 500 index (SPX) rose about 22 points, or 0.8%, at 2,840.
U.S. Treasurys slump on Thursday, pushing yields higher, as demand for haven assets, and thus flows into U.S. government paper, abate after reports saying China and the U.S. would resume trade talks.
Shares of consumer-staple companies appear to be making a comeback, as investors take comfort in their relative safety. The S&P 500 consumer-staples sector has climbed 9.3% over the past three months, outstripping the S&P 500’s 3.9% hike over the same period, The Wall Street Journal reports. The sector still trails the S&P 500’s 5.4% gain and remains the index’s second-worst performing sector in 2018.