U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
U.S. stocks faltered on Thursday as optimism around easing inflation and a shift in Federal Reserve policy faded, while Wall Street analyzed a slew of corporate earnings. The S&P 500 (^GSPC) fell 0.3% after hitting a session low of more than 1%, while the Dow Jones Industrial Average (^DJI) fell about 0.1%, eliminating a loss …
Live stock market news updates: Stocks fall as retail sales beat, earnings targets miss Read More »
U.S. stocks faltered on Thursday morning as optimism around easing inflation and a change in Federal Reserve policy faded, while Wall Street analyzed a slew of corporate earnings. The S&P 500 (^GSPC) fell more than 1.1%, while the Dow Jones Industrial Average (^DJI) lost 260 points, or 0.8%. The technology-focused Nasdaq Composite (^IXIC) fell 1.4%. …
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Retail sales rise 1.3% in October Core retail sales increase 0.7%; September sales revised upwards Import prices fall for the fourth consecutive month Manufacturing production increased by 0.1%; previous months revised downwards WASHINGTON, Nov 16 (Reuters) – U.S. retail sales rose more than expected in October as households stepped up purchases of motor vehicles and …
US retail sales increase steadily; increase in GDP estimates in the fourth quarter Read More »
Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …
The Dow Jones Industrial Average fell Wednesday morning after stronger than expected retail sales data from the Commerce Department. Investors also digested a series of early earnings reports from retailers. Target plunged more than 16% on weak results, while Nvidia’s earnings are expected to be released after the close. X Among the best stocks to …
Inventories fall after retail sales; Target dives on missed gains Read More »
U.S. stocks fell Wednesday morning as Wall Street weighed in on a profit warning from retail leader Target over government retail sales data that showed robust consumer spending ahead of the key holiday season. The S&P 500 (^GSPC) fell 0.4%, while the Dow Jones Industrial Average (^DJI) hovered below the flatline. The Nasdaq Composite (^IXIC), …
Live stock market news updates: Stocks fall as retail sales beat, earnings targets miss Read More »
A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …
Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow Read More »
hong kong CNN Business — Singles Day in China, the largest in the world annual trade event, is known for regularly breaking sales records. This year’s windfall, which ends Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), is likely to be no exception: first time. Singles Day typically eclipses two of …
