Stock Market Is Top-Heavy, but Carnage Is Widespread

Eight companies are to blame for nearly half the stock market’s decline this year — and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 … Read more

Dollar General and Dollar Tree Earnings Are the Next Big Test for Retailers

Text size Dollar General and Dollar Tree report earnings next Thursday. Justin Sullivan / Getty Images Dollar General and Dollar Tree report earnings next week, but the stocks got crushed well in advance of their releases. That’s because investors are pricing in bad news that’s almost certain to come — and may create a buying … Read more

‘We did not have a plan for a country to shut down’ – Cisco stock plunges 13% as China lockdown affects supply and outlook

Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $ 1 billion short of Wall Street expectations, which executives blamed on COVID shutdowns in China. Cisco CSCO, -4.43% shares dropped 13% after hours, following a 4.4% decline in the regular session to close at … Read more

Cisco (CSCO) earnings Q3 2022

Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than predicted analysts and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more

Target (TGT) Q1 2022 earnings

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

What Walmart and Home Depot Earnings Tell Us About Consumer Spending

With inflation at the highest level in decades, investors have been eager for clues about how that affects consumer spending. Following Tuesday’s solid retail sales data, and two very different earnings quarters from Walmart and Home Depot , the answer to how Americans are dealing with higher prices is still unclear — for now. Wednesday’s … Read more

A hot summer could send rising natural gas prices shooting even higher

Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images US natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%. In the futures market, gas … Read more

Dow futures up over 300 points after retail sales as investors await Fed’s Powell

US stock-index futures were in bounce mode Tuesday as US retail sales for April came in slightly below expectations and investors awaited remarks by Fed Chairman Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00 climbed 59 points, or 1.5%, to 4,063.75. Dow Jones Industrial Average futures YM00 surged 396 points, or 1.2%, … Read more