^GSPC - S&P 500
| Previous Close | 2,736.27 |
| Open | 2,730.74 |
| Volume | 2,528,464,111 |
| Day's Range | 2,681.09 - 2,733.16 |
| 52 Week Range | 2,532.69 - 2,940.91 |
| Avg. Volume | 3,591,741,846 |
- Yahoo Finance•14 hours ago
CEOs are losing faith in the U.S. economy
CEO confidence in the economy for the next year is at its lowest level in 12 months, adding to a growing body of evidence and the market's negative trend is telling investors something bad about the economy.
- Yahoo Finance•18 hours ago
4 things to do during market corrections
When this correction is over, there will be tremendous opportunities.
- Yahoo Finance Video•21 hours ago
Stocks slide as tech worries grow
Stocks are starting the day lower as tech worries grow. Yahoo Finance’s Seana Smith has more from the New York Stock Exchange.
- MarketWatch•16 minutes ago
Nielsen names IBM's David Kenny new CEO, effective Dec. 3
Nielsen Holdings plc said Tuesday it has appointed David Kenny as chief executive, effective Dec. 3. Kenny comes from IBM , where he led the cognitive solutions business. He has also done stints at The Weather Company, Akamai , and at Publicis' VivaKi. Kenny will succeed Mitch Barns, who is retiring at year-end after 22 years. Nielsen is continuing with its strategic review led by Chairman James Attwood, which includes a review of all of its operations and which may lead to a sale of the entire company or a separation of its Nielsen's Watch or Buy segments. Shares were not yet active premarket, but have fallen 30.6% in 2018, while the S&P 500 has gained 0.6%.
- MarketWatch•17 minutes ago
Medtronic reports Q2 profit, revenue beats
Medtronic PLC reported second-quarter profit and revenue beats early Tuesday, but also said it has taken hits from foreign exchange rates and projected China tariffs. Company shares slumped 0.2% in premarket trade. Earnings for the latest quarter declined to $1.115 billion, or 82 cents per share, from $2.017 billion, or $1.48 per share in the year-earlier period. Adjusted earnings-per-share were $1.22, above the FactSet consensus of $1.15. Revenue rose to $7.481 billion from $7.050 billion, above the FactSet consensus of $7.348 billion. The company said that if exchange rates hold for the rest of the fiscal year, fiscal 2019 revenue would be negatively affected by roughly $420 million to $520 million. Medtronic also said that "operational outperformance" in the first half of fiscal year 2019 had allowed the company to absorb expenses like foreign exchange impacts and the projected impacts of China tariffs. It continues to expect fiscal year 2019 adjusted EPS of $5.10 to $5.15, compared with the FactSet consensus of $5.12. Medtronic shares have lifted 0.4% over the last three months, compared with a 5.8% decline in the S&P 500 and a 2.9% decline in the Dow Jones Industrial Average .
- Reuters•18 minutes ago
US STOCKS-Futures drop as Apple-led tech slide deepens
U.S. stock futures dropped by up to 1 percent on Tuesday as a technology rout in the previous session sparked by concerns over iPhone sales sapped investors' appetite for high-growth companies. Shares of Apple Inc lost 1.4 percent in premarket trading, putting it on course for its seventh decline in the past nine sessions, and around 20 percent down from a peak earlier this year that valued it at more than $1 trillion. Signs of slowing demand for the company's flagship iPhones have wide-ranging implications for technology and internet companies at a time when investors are fretting over peaking corporate earnings growth, rising borrowing costs, and a global economy weighed down by trade tensions.
- TheStreet.com•20 minutes ago
Global Stocks Slide as Apple Sours Tech; Dollar Drifts Ahead of US Housing Data
Apple shares continue to slump, with German-listed units falling to the lowest level since July, amid multiple reports of tepid iPhone demand, dragging supply-chain stocks and broader tech shares lower in markets around the world. Oil prices slide as U.S. production rates, slowing global demand, offset talk of Saudi-lead output cuts from OPEC next month in Vienna. U.S. equity futures retreat in-line with global stocks, with the Dow called 100 points lower and the Nasdaq set for a 30-point opening bell decline.
- MarketWatch•21 minutes ago
Best Buy earnings beat expectations
Best Buy Co. Inc. reported third-quarter net income of $277 million, or 99 cents per share, up from $239 million, or 78 cents per share, the prior year. Adjusted EPS was 93 cents. Revenue was $9.59 billion, up from $9.32 billion last year. The FactSet consensus was for 85 cents per share on revenue of $9.57 billion. Same-store sales were up 4.3%, ahead of the FactSet outlook for 3.5% growth. For the fourth quarter, Best Buy now sees revenue of $14.4 billion to $14.8 billion, adjusted EPS of $2.48 to $2.58 and enterprise, domestic and international same-store sales growth of flat to 3%. FactSet is guiding for revenue of $14.67 billion, EPS of $2.58, and same-store sales of 1.7%. Best Buy shares slipped 0.3% in Tuesday premarket trading, and have tumbled 9.2% for the year to date. The S&P 500 index is up 0.6% for the period.
- MarketWatch•22 minutes ago
Kohl's beats profit and revenue expectations and raises outlook, but shares fall
Shares of Kohl's Corp. slumped 5.5% toward a 6-month low in premarket trade Tuesday, although the retailer reported fiscal third-quarter earnings and sales that beat expectations and raised its full-year outlook. Net income increased to $161 million, or 98 cents a share, from $117 million, or 70 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 98 cents, above the FactSet consensus of 95 cents. Total revenue grew 1.3% to $4.63 billion, topping the FactSet consensus of $4.37 billion, as same-store sales growth of 2.5% beat expectations of a 0.7% rise. Gross margin improved to 37.0% from 36.8%, while expenses increased 2.6% to $1.38 billion. For fiscal 2018, the company raised its adjusted EPS outlook to $5.35 to $5.55 from $5.15 to $5.55, surrounding the FactSet consensus of $5.49. The stock has dropped 10% over the past three months but was still up 31% year to date through Monday, while the S&P 500 has edged up 0.6% this year.
- The Wall Street Journal•23 minutes ago
Global Stocks Slip as Tech Shares Extend Declines
Stocks around the world slid Tuesday, extending the latest wave of selling as pressure intensified on the global technology sector. Nissan, which has a strategic partnership with both Mitsubishi and Renault, said Monday that it intended to oust Mr. Ghosn after an internal probe concluded he had under reported his pay.
- MarketWatch•26 minutes ago
Office Depot announces $100 million share buyback, reprices term loan
Office Depot Inc. said Tuesday its board has approved a new stock buyback program of up to $100 million. The company announced the buyback as it repriced a term loan due 2022 and said it would repay about $200 million of the outstanding loan, reducing the balance to $500 million. The retailer said the borrowing rate on the loan has been reduced by 175 basis points. The move will result in net annual interest expense savings of about $21 million in 2019 and $79 million over the remaining life of the loan. Shares rose 2.4% premarket, but have fallen 17.2% in 2018, while the S&P 500 has gained 0.6%.
- MarketWatch•32 minutes ago
Hormel beats earnings, misses sales
Hormel Foods Corp. reported fiscal fourth-quarter net income of $261.4 million, or 48 cents per share, up from $218.2, or 41 cents per share, last year. Adjusted EPS was 51 cents, beating the 49-cent FactSet consensus. Revenue totaled $2.52 billion, up from $2.50 billion the previous year but below the $2.57 billion FactSet guidance. Hormel brands include Wholly Guacamole, Jennie-O and Spam. For fiscal 2019, Hormel expects revenue of $9.7 billion to $10.2 billion, ahead of the FactSet consensus for $9.59 billion. And EPS is expected to be $1.77 to $1.91. The FactSet outlook is $1.83. Hormel shares are down 0.1% in Tuesday premarket trading, but have gained 24.7% for the year to date. The S&P 500 index is up 0.6% for the period.
- MarketWatch•35 minutes ago
FedEx to add 1,000 electric vehicles to U.S. fleet
FedEx Corp. said Tuesday it is expanding its fleet to include 1,000 Chanje V8100 electric vehicles, by purchasing 100 from Chanje Energy Inc. and leasing another 900 from Ryder System Inc. The vehicles will be used for commercial and residential pickup and delivery in the U.S. The vehicles are made in Hangzhou, China and can travel more than 150 miles when fully charges. The company is expecting to save two thousand gallons of fuel while avoiding 20 tons of emissions per vehicle a year. FedEx shares were not yet active premarket, but have fallen 9% in 2018, while the S&P 500 has gained 0.6%.
- Associated Press•39 minutes ago
Medtronic: Fiscal 2Q Earnings Snapshot
On a per-share basis, the Dublin-based company said it had net income of 82 cents. Earnings, adjusted for amortization costs and restructuring costs, came to $1.22 per share. The results surpassed Wall ...
- MarketWatch•43 minutes ago
Lowe's stock drops after earnings beat but same-stores sales miss, gross margin declines
Shares of Lowe's Companies dropped 4.8% toward a 6-month low in premarket trade Tuesday, after the home improvement retailer reported fiscal third-quarter earnings that beat expectations but same-store sales that missed. Net income for the quarter to Nov. 2 fell to $629 million, or 78 cents a share, from $872 million, $1.05 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.04, above the FactSet consensus of 98 cents. Sales rose to $17.42 billion from $16.77 billion, topping the FactSet consensus of $17.36 billion, while same-store sales growth of 1.5% missed expectations of a 2.8% rise. Gross margin declined to 32.50% of sales from 34.07%. For fiscal 2018, the company expects adjusted EPS of $5.08 to $5.13, surrounding the FactSet consensus of $5.12, and expects same-store sales growth of "approximately" 4% compared with expectations of a 3.0% rise. Separately, the company said it has "substantially" completed its strategic review of its business, and plans to exit its Mexico retail operations, its Alacrity Renovation Services and Iris Smart Home businesses. The stock has shed 7.7% over the past three months while the S&P 500 has lost 5.8%.
