With 6 weeks remaining in the holiday shopping season before Christmas, one of the traditional holiday retail giants revealed a disappointing earnings report. Things started to go bad for Macy's after the retailer cut sales and profit forecasts, and posted a surprise drop in quarterly sales. Macy's stock stumbled,...
Wall Street suffered losses across the board as oil prices dropped and more Federal Reserve Bank presidents suggested the Fed might raise interest rates next month. The price of a of crude oil plummeted to $41.75 per barrel, falling 2.8%. San Francisco Federal Reserve President John Williams said...
More disappointing economic data combined with concerns that the Federal Reserve will decide to raise interest rates in December led to another dismal day on Wall Street. The concern is that not only will an increase affect the rates banks charge each other to borrow, but it will also...
Following the horrific terrorist attacks in Paris, U.S. markets advanced in all three major indices in the first session since Friday's barbaric actions at six different locations in the French capitol. Generally in the first week following an international terrorist act, markets experience a substantial dip. For example: following...
Boosted by strong earnings reports from Walmart and Home Depot, Wall Street finished mixed with modest gains, tempered by declines in oil prices and continued geopolitical concerns re: ISIS. Investors are waiting for the release of the latest minutes from the most recent meeting of the Federal Open Market...
The release of the Federal Open Market Committee meeting minutes from October generated mostly positive responses from Wall Street today. The Dow finished up over 247 points; The NASDAQ over 89, while the S&P gained just over 33 points. The minutes revealed that the central bank's voting members believe...
The last trading day of the week on Wall Street saw gains across the board as retail stocks rose. The major averages ended the week with gains of more than 3% as the S&P 500 finished with its best week of the year. Thoughts about what the Fed may...
Today marked the start of the holiday shortened, Thanksgiving week on Wall Street & the markets spent most of the session trying to figure out which way was up. In the end: It was down. Earlier in the day, figures showed that the deadly attacks in Paris seemed to...
Amid a whirlwind of global activity, including the shoot-down of a Russian fighter jet by the Turkish military, Wall Street made some modest advances today thanks to gains in oil prices and energy stocks. Chris Faulkner-MacDonagh, market strategist at Standard Life Investments commented on today's event near the Turkish-Syrian...
Stocks finished mixed over a bevy of economic reports on the last full trading day before the Thanksgiving holiday. The market is closed on Thursday and will close at 1pm on Friday. Following up & down earnings results from retailers, analysts are watching for indications on consumer spending especially...
