185.33 +0.21 (0.11%)
Pre-Market: 5:40AM EDT
|Bid||185.33 x 900|
|Ask||186.75 x 800|
|Day's Range||183.98 - 190.67|
|52 Week Range||160.53 - 215.43|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||21.83|
|Earnings Date||Nov 13, 2018|
|Forward Dividend & Yield||4.12 (2.14%)|
|1y Target Est||215.37|
Netflix, Target and Home Depot are the Yahoo Finance charts of the day.
Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before. The S&P 500 zigzagged furiously between positive and negative territory after the 2 p.m. ET (1800 GMT) release of the Fed's September meeting minutes. In defiance of sharp criticism from U.S. President Donald Trump, policymakers showed agreement on the September hike and general anticipation that further gradual increases would be consistent with the economic expansion, labor market strength, and firm inflation that most forecast.
Stocks recovered impressively in afternoon trading Wednesday after an early downdraft that saw the Dow, S&P 500 and Nasdaq fall more than 1% intraday.
U.S. stock indexes late Wednesday morning initially gave back a chunk of the previous session's big gains but then trimmed the refund. In the Dow, two stocks — IBM (IBM) and Home Depot (HD) — dragged on the blue-chip index.
Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. President Donald Trump over interest rate hikes. The S&P 500 zigzagged between positive and negative territory after the minutes showed policy makers united on the September hike and anticipating that further gradual increases would be consistent with the economic expansion, labor market strength, and firm inflation that most anticipated. “This is consistent with the Fed’s rhetoric that they will continue to gradually raise interest rates.
Investing.com - Home Depot (NYSE:HD) and other housing-leveraged stocks fell in midday trading following disappointing data on home construction.
Today, CNBC reported that Credit Suisse downgraded Home Depot (HD) stock from “outperform” to “neutral.” Credit Suisse lowered its price target from $222.00 to $204.00. The new price target represents an upside potential of 5.4% from its October 16 closing price of $193.58.
U.S. stocks slipped in a choppy session on Wednesday, struggling to sustain a rally from the previous session, as IBM snapped a run of strong blue-chips earnings and disappointing housing data dragged down Home Depot and homebuilders. Helping temper losses was a rise in Netflix on strong subscriber numbers and a 1.33 percent gain in financial stocks ahead of the release of the minutes of the Federal Reserve's September policy meeting at 2:00 p.m. ET (1800 GMT). Investors have been fretting over the impact of tariffs, rising interest rates and wages on corporate profits and those concerns sparked a selloff last week.
BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade.
Let's check out the Yahoo Finance charts of the day. Netflix (NFLX): Shares are up in early trade, at around 6.3%. The streaming giant reported strong user growth and exceeded expectations for adding subscribers during the third quarter. Netflix easily beat the consensus estimate of 68 cents a share reporting quarterly profit of 89 cents per share. Target (TGT ): Shares down here, 1.4%. The retailer is aiming to fill the void left by Toys R' Us and will dedicate a quarter of a million square feet of additional space of toys in more than 500 stores for the holiday season. Home Depot (HD): Shares down here, around 4.1%. Credit Suisse downgraded the home improvement retailers stock from "outperform" to "neutral" citing concerns about higher interest rates being placed on the housing market. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.