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Stock Market Today

Wednesday, May 22 2019

Daily Updates

Stock Market Today: May 21, 2019

Harvey S. Katz, CFA and John E. Seibert III | 05/21/2019

The market started out strongly today, as some trade restrictions on China’s telecom giant Huawei were eased. The Commerce Department stated that it would issue a 90-day license for some U.S. companies to continue working with that corporation. Many traders saw this as a decline in trade tensions, and sentiment improved. The markets closed not too far off the highs of the day. All told, the Dow closed the day up 197 points, the S&P 500 was higher by 24 points, and NASDAQ increased 83 points.

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Stocks Highlights

Dow 30 Earnings: The Home Depot Fiscal First Quarter 2019

Ian Gendler | 05/21/2019

Shares of The Home Depot (HD) were little changed after the world's largest home-improvement retailer released decent fiscal first-quarter (ended May 5th) financial results. Sales in the three-month period increased 5.7% from a year earlier, to $26.381 billion, nearly matching our $26.400 billion target. That said, comparable-store sales growth of 2.5% was below consensus analyst estimates of 4.2%. Inclement weather and an extra week in the previous year weighed on the retailer's same-store sales.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal First Quarter 2019

Kevin Downing | 05/16/2019

Walmart (WMT) shares trade higher on the release of the retail giant’s fiscal first-quarter financial results.

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