|Day's Range||2,721.88 - 2,742.24|
|52 Week Range||2,393.88 - 2,872.87|
Stocks trading in limbo here as Trump tacks again on ZTE, and China.
The Organic Trade Association’s annual survey of the U.S. food marketplace showed a record $45.2 billion in sales of organics in 2017, up 6.4% from a year earlier. Conventional food sales eked out a 1.1% gain. Some companies, including United Natural Foods and Sprouts, are growing rapidly as consumers prefer healthier and tastier foods.
U.S. stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares. President Donald Trump on Tuesday said he was not pleased with recent trade talks between the United States and China and earlier said there was no deal yet with China on ZTE Corp .
Red Robin Gourmet Burgers Inc. shares plummeted 15% in the extended session Tuesday after the company missed earnings expectations. The casual dining company's stock closed down 4.5% to $57.95 during regular trading. Adjusted earnings were 69 cents a share.
Micron Technology Inc. shares soared Tuesday as analysts weighed in on the company’s investor day, and cheered the news that it’s planning a $10 billion share buyback as part of a broader capital returns program. The stock is already up nearly 11% for the week, adding to the rally that started when the company raised guidance for the current quarter on Monday. Following Micron’s analyst day in New York on Monday, 19 analysts hiked their price targets on the stock, raising the average target price to $77.02, up from a previous $73.79.
Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days.
President Donald Trump told CNBC in January that "ultimately I would like to see a strong dollar." Nobody really believed that, since Trump said a year earlier that the greenback was too strong and "it's killing us." The truth is, a weaker dollar would go a long way toward narrowing the chronic trade deficit – something Trump obsesses over — by making U.S. goods less expensive overseas. Consider that foreign investors own about half the U.S. debt outstanding. The recent lost revenue from tax reform means the Treasury Department will need to more than double debt sales this year to $1 trillion to make up for the shortfall.
By Laila Kearney New York (Reuters) - Global stock markets tipped downward on Tuesday as Wall Street investors locked in recent gains while taking a cautious view of fresh U.S.-China comments even as European ...
Intuit Inc. shares fluctuated between gains and losses in the extended session Tuesday after the company reported earnings that beat Wall Street estimates and raised full fiscal-year guidance. Intuit stock fell less than 1% to $190.54 during regular trading.
On a per-share basis, the Philadelphia-based company said it had net income of 38 cents. The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment ...
Stocks closed lower Tuesday as modest gains evaporated after selling picked up in the final hour of trading.