Topline The stock market fell on Wednesday, with the recent rally on Wall Street taking a breather as investors assessed the latest batch of retail earnings—particularly a sharp drop in profits from T...
Tag: retail earnings
Walmart Jumps Over 5% After Solid Earnings And Further ‘Progress’ Reducing Inventory Levels
Topline Shares of the nation’s largest retailer, Walmart, surged over 5% on Tuesday after the company reported revenue and profits that came in above Wall Street expectations, while management also ci...
Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation
Topline Shares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and rest of the year, warning that high inflation is havi...
Dow Surges Over 500 Points, Market Rebound Continues As Stocks Snap Seven Week Losing Streak
Topline Stocks finished higher on Friday—capping off a solid rally this week that saw markets rebound from more than seven consecutive weeks of losses, as recession fears continued to subside in light...
Dow Jumps 500 Points, Market Rebounds As Strong Earnings Alleviate ‘Dire Recession Headlines’
Topline The stock market rebounded for a second day in a row on Thursday, on track to snap a seven-week losing streak, as recession fears cooled amid a slew of strong quarterly earnings reports that b...
First Quarter Retail Earnings Fail a Predictable “Shock”
First Quarter Retail Earnings Fail a Predictable “Shock” getty Earnings reports from the nation’s largest retailers for the first quarter recently spooked Wall Street into a broad collapse. Executives...
Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts pre...
S&P 500 Plunges Into Bear Market As Stocks Fall For Seventh Week In A Row
Topline The stock market tanked on Friday, adding to heavy losses this week that pushed the S&P 500 into a bear market, down over 20% from its intraday peak in January as investors continue to get...
Dow Falls 900 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost Pressures
Topline The stock market selloff resumed on Wednesday amid reinvigorated fears about surging inflation weighing on economic growth, as several major retailers have now reported that quarterly profits ...