Kohl’s (KSS) shares are moving higher in early trading, jumping by as much as 7% after the company beat Wall Street’s earnings expectations by $0.15 per share and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay
By Stephen Culp NEW YORK (Reuters) -U.S. stocks inched higher on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the most recent meeting of the Federal Reserve cemented expectations for a September rate cut. The S&P 500 and the Nasdaq were in positive
Netflix stock just hit an all-time high. On Tuesday, shares of the streaming giant soared past their 2021 record intraday high of $701 to trade around $710. The moves come as investors applaud the company’s foray into live sports while its ad-supported tier continues to gain traction, with the company revealing in a blog post
Despite a recent rebound in technology stocks, mega-cap names like Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) have all seen shares fall over the last month as investors question the staying power of artificial intelligence. Shares of Google parent Alphabet have dropped 14% while Amazon shares are off about 8%. Microsoft stock has fallen
Investors are increasingly confident the global economy will achieve a “soft landing,” where inflation subsides but overall economic activity doesn’t significantly deteriorate amid higher interest rates. In Bank of America’s August Global Fund Manager Survey, released on Wednesday, 76% of respondents said a soft landing is the most likely outcome for the global economy in
The Reserve Bank of India on August 6, 2023 Punit Paranjpe | Afp | Getty Images Asia-Pacific markets were mixed in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision. The Dow Jones Industrial Average fell 0.60%, while the S&P 500 declined 0.77% on
It’s been a rough few days on Wall Street. Stocks tumbled to start the week after a disappointing July jobs report on Friday sparked fears of an incoming recession, a concern that worsened over the weekend amid a global market sell-off. Japan stocks are in a confirmed bear market, with the Nikkei plunging 12.4% and
This week the megacaps get another chance to prove themselves when Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META) and Apple (AAPL?) all report second-quarter earnings. Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) got the reporting party started on Tuesday after-the-bell to little fanfare. Disappointing results from both those names led to a general selloff on Wednesday, which
US stocks fell on Friday as worries over a global IT outage calmed, with Wall Street looking for recovery from a sell-off that saw the Dow snap a run of wins and a tech rout continue. The Dow Jones Industrial Average (^DJI) slipped roughly 0.9%, coming off a drop of over 1% for the blue-chip
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Small caps are solving Wall Street’s concentration problem. Though small caps stumbled Wednesday, in the five prior trading days, the Russell 2000 (^RUT) rocketed an eyewatering 12% as the Nasdaq Composite (^IXIC) barely