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Stocks were drifting higher on Wednesday ahead of the Thanksgiving holiday Thursday and the annual Black Friday retail shopping spree, with activity decreasing as investors showed reluctance to place fresh bets ahead of a trading break. U.S. markets are closed Thursday, followed by an abbreviated trading session Friday.
The $Dow Jones Industrial Average (.DJI.US)$ added 184 points, or 0.53%, $S&P 500 Index (.SPX.US)$ went up 0...
Stocks were drifting higher on Wednesday ahead of the Thanksgiving holiday Thursday and the annual Black Friday retail shopping spree, with activity decreasing as investors showed reluctance to place fresh bets ahead of a trading break. U.S. markets are closed Thursday, followed by an abbreviated trading session Friday.
The $Dow Jones Industrial Average (.DJI.US)$ added 184 points, or 0.53%, $S&P 500 Index (.SPX.US)$ went up 0...
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Morning Movers
Gapping up
$Shopify (SHOP.US)$ Shares in Shopify rose by 4% in premarket trading after the e-commerce group said its merchants had posted an all-time high of $4.1 billion in combined sales on Black Friday.
Ottawa-based Shopify, which provides software and services to online sellers, said global sales by businesses using the platform had grown by 22% compared to the prior year during the annual post-Thanksgiving ...
Gapping up
$Shopify (SHOP.US)$ Shares in Shopify rose by 4% in premarket trading after the e-commerce group said its merchants had posted an all-time high of $4.1 billion in combined sales on Black Friday.
Ottawa-based Shopify, which provides software and services to online sellers, said global sales by businesses using the platform had grown by 22% compared to the prior year during the annual post-Thanksgiving ...
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RECAP
US Stocks Wobble as Investors Weigh Signs of Consumer Resilience Amid Higher Black Friday Spending
US stocks wobbled Monday, pausing a four-week winning streak, as investors weighed signs whether consumer spending will be sustained after Black Friday sales advanced.
The $S&P 500 Index (.SPX.US)$ slipped 0.2% to 4,550.43 and the $Dow Jones Industrial Average (.DJI.US)$ slid 0.2% to 35,333.47. The $Nasdaq Composite Index (.IXIC.US)$ closed li...
US Stocks Wobble as Investors Weigh Signs of Consumer Resilience Amid Higher Black Friday Spending
US stocks wobbled Monday, pausing a four-week winning streak, as investors weighed signs whether consumer spending will be sustained after Black Friday sales advanced.
The $S&P 500 Index (.SPX.US)$ slipped 0.2% to 4,550.43 and the $Dow Jones Industrial Average (.DJI.US)$ slid 0.2% to 35,333.47. The $Nasdaq Composite Index (.IXIC.US)$ closed li...
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Traditional retailers are deploying online sales. The retailer's latest earnings reports showed Walmart's online sales exploded while Target and Costco slowed again. What are the reasons?
Firstly, product strategies are different.
The diverging results reflect the impact of inflation on customers. Neil Saunders, managing director at retail analysis firm GlobalData Retail, said, “Consumers are cutting back on discretionary spending and priori...
Firstly, product strategies are different.
The diverging results reflect the impact of inflation on customers. Neil Saunders, managing director at retail analysis firm GlobalData Retail, said, “Consumers are cutting back on discretionary spending and priori...
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Glad i closed my position yesterday before ER, 7% is ok for shorterm trade.
$Urban Outfitters (URBN.US)$
$Urban Outfitters (URBN.US)$
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Retail sales in the United States decreased by 0.1% month-over-month in October 2023, putting an end to a six-month streak of increases and compared with the market consensus of a 0.3% decline.
Sales at miscellaneous store retailers recorded the largest decrease (-1.7%), followed by furniture stores (-2.0%), motor vehicle dealers (-1.0%), sporting goods, musical instruments, and book sellers (-0.8%), gasoline stations (-0.3%), and gener...
Sales at miscellaneous store retailers recorded the largest decrease (-1.7%), followed by furniture stores (-2.0%), motor vehicle dealers (-1.0%), sporting goods, musical instruments, and book sellers (-0.8%), gasoline stations (-0.3%), and gener...
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Major indices started the week slightly red as they took a very small breather. E commerce players such as Amazon and Shopfiy rose - could be due to Black Friday’s / Cyber Monday’s sales
For the Fed, they would want the retail spending to drop. Because the more retailers spend, the higher possibility for inflation to remain sticky or even go up.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Tesla (TSLA.US)$ $Amazon (AMZN.US)$ $Shopify (SHOP.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$
For the Fed, they would want the retail spending to drop. Because the more retailers spend, the higher possibility for inflation to remain sticky or even go up.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Tesla (TSLA.US)$ $Amazon (AMZN.US)$ $Shopify (SHOP.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$
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Columns Retailers Are Cutting Outlooks, and There Are Indications that Deflation Could Be on the Way
The upcoming holiday season is expected to be tough for U.S. retailers across various sectors such as apparel, electronics, and home improvement. Moody's Investors Service predicts that holiday sales will only grow by 1% to 3% this year, indicating that higher discounts may not necessarily drive significant spending during this crucial period.
Retailers predict a weak holiday
On Tuesday, $Best Buy (BBY.US)$ and ...
Retailers predict a weak holiday
On Tuesday, $Best Buy (BBY.US)$ and ...
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In an auspicious turn for the travel sector, a surge in holiday travel, particularly around Thanksgiving — America's busiest travel period — has catalyzed a notable uptick in airline and cruise line stocks on Wednesday.
Airlines companies, including $United Airlines (UAL.US)$ , $American Airlines (AAL.US)$ , and $Delta Air Lines (DAL.US)$, were all trading higher at 2.6%, 2.9%, and 1.56%, respectively, on Wednesday afternoon...
Airlines companies, including $United Airlines (UAL.US)$ , $American Airlines (AAL.US)$ , and $Delta Air Lines (DAL.US)$, were all trading higher at 2.6%, 2.9%, and 1.56%, respectively, on Wednesday afternoon...
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Morning Movers
Gapping up
$Affirm Holdings (AFRM.US)$ stock rose 4.9% with the buy now, pay later company expected to benefit from strong Cyber Monday sales.
$PDD Holdings (PDD.US)$ shares surged 14.6% in premarket U.S. trading on Tuesday after the group posted better than anticipated sales in the third quarter.
Revenue at the company came in at 68.84 billion yuan ($9.44B) in the three months ended Sept. 30, topping Bloomberg con...
Gapping up
$Affirm Holdings (AFRM.US)$ stock rose 4.9% with the buy now, pay later company expected to benefit from strong Cyber Monday sales.
$PDD Holdings (PDD.US)$ shares surged 14.6% in premarket U.S. trading on Tuesday after the group posted better than anticipated sales in the third quarter.
Revenue at the company came in at 68.84 billion yuan ($9.44B) in the three months ended Sept. 30, topping Bloomberg con...
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affable Blobfish_403 : The number of initial jobless claims fell sharply, in line with rising inflation. Why not mention it?