Contact Your Financial Adviser Money Making MC
11 May 2017
 |
U.S.Stocks (The Total Investment & Insurance
Solutions)
Consumer-focused companies are leading U.S. stocks broadly lower in
midday trading. Macy's, Kohl's and other big retailers are falling sharply
after reporting disappointing quarterly results. Oil prices are headed higher. The Total Investment & Insurance
Solutions
KEEPING SCORE: The Standard & Poor's 500
index lost 11 points, or 0.5 percent, to 2,388 as of 12:24 p.m. Eastern time.
The Dow Jones industrial average shed 46 points, or 0.2 percent, to 20,896. The
Nasdaq composite declined 32 points, or 0.5 percent, to 6,096, a day after
closing at another all-time high.
Small-company stocks fell more than the rest
of the market. The Russell 200 index dropped 10 points, or 0.7 percent, to
1,389. Two stocks fell for every one that rose on the New York Stock Exchange.
IN A SLUMP: Macy's sank 14.1 percent after
the department store chain's latest quarterly results fell short of Wall
Street's forecasts. The stock was the biggest decliner in the S&P 500,
sliding $4.13 to $25.21. Shares in Nordstrom, which was due to report earnings
later Thursday, also fell. The stock shed $3.50, or 7 percent, to $46.51. The Total Investment & Insurance
Solutions
SALES DISSAPPOINT: Dillard's first-quarter
results exceeded financial analysts' expectations, but its revenue for the
quarter fell short. The stock fell $7.64, or 13.2 percent, to $50.27.
MIXED QUARTER: Kohl's was down 5.6 percent
after the retailer reported improved quarterly earnings, but revenue that was
below Wall Street's estimates. The stock gave up $2.27 to $38.05.
CHAT ABOUT THIS: Snap plunged 18.8 percent a
day after the parent company of Snapchat reported a huge loss. The stock slid
$4.31 to $18.67.
WIN FOR VERIZON: Straight Path Communications
slid 20.4 percent after a bidding war between AT&T and Verizon
Communications to acquire the wireless licenses company ended. Verizon will acquire
Straight Path in an all-stock deal valued at about $3.1 billion. Shares in
Straight Path gave up $45.66 to $178.13. Verizon was down 24 cents to $46.14.
APPETIZING RESULTS: Investors cheered Whole
Foods's latest quarterly snapshot. The stock climbed 63 cents, or 1.8 percent,
to $36.89.
OIL: Benchmark U.S. crude oil was up 77
cents, or 1.6 percent, at $48.10 per barrel in New York after surging $1.45 on
Wednesday. Brent crude, the international standard, was up 69 cents, or 1.4
percent, at $50.91 per barrel in London.
CURRENCIES: The dollar fell to 113.84 yen
from 114.33 yen on Wednesday. The euro strengthened to $1.0870 from $1.0862.
BONDS: Bond prices rose. The yield on the
10-year Treasury note slipped to $2.40 percent from 2.41 percent late Wednesday. The Total Investment & Insurance
Solutions
MARKETS OVERSEAS: In Europe, Germany's DAX
fell 0.4 percent, while France's CAC 40 edged down 0.4 percent. Britain's FTSE
shed early gains to trade down 0.1 percent. Major indexes in Asia notched
gains. Japan's Nikkei 225 rose 0.3 percent, while South Korea's Kospi jumped
1.2 percent. Hong Kong's Hang Seng index added 0.4 percent.The Total Investment & Insurance
Solutions
No comments:
Post a Comment