|Day's Range||25,820.01 - 25,953.27|
|52 Week Range||21,712.53 - 26,951.81|
U.S. stocks climbed after opening lower as investors grappled with mixed corporate earnings results and a lack of clarity on the outcome of U.S.-China trade talks.
U.S. stock indexes moved modestly higher in afternoon trading Tuesday as solid earnings from Walmart encouraged investors to bid up other retailers and consumer goods companies. Homebuilders also contributed to the gains following an industry survey showing improved confidence heading into the key spring homebuying season. Stocks spent much of the morning wavering between small gains and losses as U.S. markets reopened following the Presidents Day holiday.
Walmart earnings beat views early Tuesday, with holiday same-store sales and e-commerce sales strong. Walmart stock surged after clearing a buy point Friday.
President Donald Trump on Tuesday implied that the stock market would effectively have crashed had he lost the 2016 race for the White House.
President Donald Trump asked then-acting Attorney General Matthew Whitaker whether the U.S. attorney for the Southern District of New York, Geoffrey Berman, could be put in charge of the investigation into Trump's role in silencing women with hush payments, the New York Times reported, citing "several American officials with direct knowledge of the call." Berman had recused himself from that investigation. The investigation has been led by Robert Khuzami. According to the report, Trump "soon soured" on Whitaker -- it said there's no evidence Whitaker took any steps to intervene -- and complained about Whitaker's inability to make the president's legal problems go away. The report more broadly discusses Trump's "two-year war" on the investigations encircling him.
U.S. stocks inch higher Tuesday following a three-day weekend as another round of U.S.-China trade talks begin in Washington.
Shares of Amazon.com Inc gained 1.4 percent, providing the biggest boost to the S&P 500 and the Nasdaq. Walmart jumped 3.9 percent after the world's largest retailer reported an estimate-beating jump in holiday quarter comparable sales, helped by consumer spending in key categories like groceries and increased e-commerce purchases. The company's results helped lift the mood in the sector, especially after a Commerce Department report showed last week that U.S. retail sales recorded their biggest drop in more than nine years for December, stoking fears of an economic slowdown.
rose 3.7% after the world's largest retailer posted adjusted earnings in its fourth quarter of $1.41 a share, beating analysts' forecasts of $1.33, and same-store sales in the U.S. rose 4.2%, beating estimates of 3.2%. fiscal third-quarter adjusted profit of $1.29 a share beat Wall Street estimates by 5 cents.
U.S. stocks inched higher on Tuesday, led by Amazon and upbeat earnings from Walmart, while investors focused on the latest round of trade talks between the United States and China. Shares of Amazon.com Inc gained 1.4 percent, providing the biggest boost to the S&P 500 and the Nasdaq.
Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion also receiving support as a safe-haven asset due to ...
With the next deadline for tariff increases on March 1, all eyes remain on U.S.-China trade talks, as corporate earnings season starts to wind down.
U.S. stocks struggled for direction on Tuesday as gains in Walmart offset losses in financials, with trade talks between the United States and China in focus. The S&P index recorded 29 new 52-week highs and no new lows, while the Nasdaq recorded 68 new highs and 17 new lows.
Munger’s comments come after Amazon announced on Thursday that it was canceling plans to build its New York City headquarters in Long Island City, and wouldn’t be seeking a replacement venue.
Stocks on Wall Street opened with modest losses Tuesday as U.S. investors returned from a three-day weekend and U.S. and Chinese negotiators prepared to resume trade talks in Washington. The S&P 500 was off 0.2% at 2,769, while the Dow Jones Industrial Average lost 16 points, or 0.1%, at 25,868. The Nasdaq Composite shed 6 points to trade at 7,467, a loss of 0.1%. The Dow's fall was cushioned by a 3.2% rise for shares of Walmart Inc. after the retail giant reported fourth-quarter results and raised its dividend.
U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. The Dow Jones Industrial Average fell ...
Shares of McDonald's Corp. rose 0.9% in premarket trade Tuesday, after Stephens analyst Will Slabaugh turned bullish on the fast-food giant, citing the belief that the core U.S. business is accelerating while the stock continues to underperform. Slabaugh upgraded McDonald's to overweight, after being at equal weight since April 2018, and boosted his price target to $200 from $180. Slabaugh said investor sentiment has flipped from "loved" to "concerned" after the company reported fourth-quarter results. "After re-examining our model, we believe we appropriately adjust for such headwinds to the point of conservatism if [comparable-store sales] growth is as strong as we suspect," Slabaugh wrote in a note to clients. "With expectations fairly low and what we believe is a better-than-expected top line, we believe [McDonald's stock] is set to work from these levels." The stock has slumped 3.6% over the past three months, while the Dow Jones Industrial Average has gained 3.5%.
The uncertainty bands around the dot plot deserve more attention, because they illustrate that interest rate policy is not preset and that the economy can evolve in unexpected ways, Cleveland Fed President Loretta Mester said Tuesday at a speech at the University of Delaware. She repeated the view that, at coming meetings, the Federal Open Market Committee will be finalizing plans for ending the balance-sheet runoff and completing balance-sheet normalization.
Shares of Walmart Inc. shot up in premarket trade Tuesday after the discount retail giant reported fiscal fourth-quarter results and raised its dividend, with the implied price gain providing a 30-points boost to the Dow Jones Industrial Average's price. But that wasn't enough to lift Dow futures into positive territory, as they were still down about 59 points. A gain in Walmart's stock Tuesday would be the sixth straight, the longest win streak since the 7-day stretch ending Nov. 9, 2018. The stock was on track for the best 6-day performance--up 9.2%--since it ran up 9.9% during the six days ending Aug. 17, 2018.
Walmart Inc. said Tuesday it will raise its annual dividend by 2% to $2.12 a share, from $2.08 a share. The first quarterly dividend of the new annual rate will be payable April 1 to shareholders of record on March 15. Based on Friday's stock closing price of $99.99, the new dividend implies a dividend yield of 2.12%, compared with the implied yields for the SPDR S&P Retail ETF of 1.37% and for the Dow Jones Industrial Average of 2.09%. The discount retail giant also reported fiscal fourth-quarter results that beat expectations. The stock, which shot up 4.5% in premarket trade, has tacked on 3.3% over the past three months, while the retail ETF has lost 0.4% and the Dow has gained 3.5%.
Walmart Inc. shares rose nearly 5% in Tuesday premarket trading after the retail giant reported fiscal fourth-quarter earnings and revenue that beat expectations. Net income for the quarter totaled $3.69 billion, or $1.27 per share, up from $2.18 billion, or 73 cents per share, for the same period last year. Adjusted EPS of $1.41 beat the FactSet consensus of $1.33. Revenue totaled $138.80 billion,up from $136.27 billion last year and ahead of the $138.76 billion FactSet consensus. E-commerce sales rose 43%, with the company saying that additional grocery pickup and delivery, as well as an expanded online selection aiding growth. U.S. same-store sales rose 4.2%, beating the 3.2% FactSet consensus. Sam's Club same-store sales, rose 3.3%, just below the 3.4% FactSet expectation. Walmart expects fiscal 2020 U.S. same-store sales growth of 2.5% to 3% and Sam's Club same-store sales growth of 1%. E-commerce sales are expected to growth about 35%. Adjusted EPS is expected to decline by low single-digit percentage range compared with fiscal 2019, but will increase by low-to-mid single-digits excluding Flipkart. The FactSet consensus is for U.S. same-store sales to rise 2.6%, and EPS of $4.72, down from $4.84 the previous year. Walmart shares are up 3.3% for the past three months, but down 4.6% for the last year. The Dow Jones Industrial Average is up 3.2% for the last three months, and up 1.6% for the past year.
Global stocks mixed as investors eye this week's round of U.S. China trade talks as the March 2 deadline looms. President Donald Trump says talks have made "a lot of progress", but analysts note key issues such as intellectual property protection and forced technology transfers remain sticking points. European stocks drift lower amid a modestly stronger euro and concerns the U.S. could impose tariffs on regionally-produced cars under a national security remit.