Stocks / Highlights
Dow 30 Earnings: Wal-Mart Stores Fiscal Second Quarter 2017
Kevin Downing | 8/17/2017
Shares of Wal-Mart (WMT) dipped following the release of the company’s fiscal second-quarter results and guidance.
Stocks / HighlightsDow 30 Earnings: Cisco Systems Fourth Quarter Fiscal 2017
Kevin Downing | 8/17/2017
Networking equipment and software vendor, Cisco Systems, (CSCO) reported July-quarter results that were largely in line with our expectations. Revenue of $12.1 billion was slightly above our $12.0 billion estimate and down 4% year over year. Total product sales decreased 5%.
Markets / CommentariesStock Market Today: August 17, 2017
Harvey S. Katz, William G. Ferguson, and Robert Harrington | 8/17/2017
U.S. stocks were down across the board on Thursday, as investors revealed growing concerns regarding the Federal Reserve’s interest-rate strategy and, especially, apparent discord within the White House that could threaten key economic policies from being implemented.
Markets / CommentariesStock Market Today: August 16, 2017
Harvey S. Katz, Adam Rosner, and Robert Mitkowski | 8/16/2017
Equities are making moderate progress today. At just past noon in New York, the Dow Jones Industrial Average is up 75 points; the broader S&P 500 Index is ahead eight points; and the NASDAQ is higher by 31 points. Market breadth is favorable, with advancing stocks outpacing decliners by a healthy margin on the NYSE. Most of the major stock groups are well in positive territory, with gains in the technology and basic materials issues. In contrast, the energy names are lagging.
Stocks / HighlightsDow 30 Earnings: The Home Depot Fiscal Second Quarter 2017
Matthew E. Spencer | 8/15/2017
Shares of The Home Depot fell even though the home-improvement retailer delivered stellar fiscal second-quarter financial results.
Markets / CommentariesStock Market Today: August 15, 2017
Harvey S. Katz, Adam Rosner, and Robert Harrington | 8/15/2017
The U.S. equity markets started off the day with a modest uptick, but trading was mixed, at best, throughout the session. On the economic front, today’s news was largely favorable. Notably, retail sales for July were up 0.6%, which was better than consensus estimates and the best showing this year.
Markets / CommentariesStock Market Today: August 14, 2017
William G. Ferguson, Adam Rosner, and Robert Harrington | 8/14/2017
The bulls bounced back on Monday, with small- and large-cap issues registering gains across the board. Breadth favored advancing stocks by a roughly three-to-one ratio, with financials, industrials, and technology sectors being particularly responsible for the uptick. Traders took advantage of reduced entry levels following last week’s skittishness, which saw each of the major indexes dropping during one the weakest weeks of trading in 2017.
Markets / CommentariesStock Market Today: August 11, 2017
Harvey S. Katz, Mario Ferro, and Robert Mitkowski | 8/11/2017
The major stock market averages edged higher to end trading for the first full week of August. At the close, the Dow Jones Industrial Average rose 14 points, but finished under the 22,000 level first breached a week earlier. Meanwhile, the NASDAQ outshined the Dow on a percentage basis, climbing 40 points despite a poor day from one of its star performers over the past year, Nvidia (NVDA).
Markets / CommentariesStock Market Today: August 10, 2017
Harvey S. Katz, Adam Rosner, and Robert Harrington | 8/10/2017
Stocks were down across the board on Thursday, as geopolitical tensions between the United States and North Korea weighed heavily on investors’ minds. Large- and small-cap alike traded lower throughout the day, while only the utility sector managed to ring in the closing bell in positive territory. Averages among the major indexes struggled throughout the day, continuing the downward trend that began late on Tuesday afternoon, when President Trump’s comments spurred a wave of speculation regarding the country’s foreign policy.