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STOCKS SLIDE LOWER: Here’s what you need to know
Thomson Reuters
Hajar Saleh helps her grandson Jaafar playing on a slide inside a garden in the Damascus district of Mezzeh
Stocks slid on Thursday as an earnings miss from Macy’s rippled through the retail sector and raised questions about US consumer growth.
All three major indices slid less than 0.3% as stocks stayed mired in a tight trading range. The S&P 500 and Nasdaq Composite fell slightly from record highs reached on Wednesday.
First up, the scoreboard:
- Dow: 20,912.77, -27.10, (-0.13%)
- S&P 500: 2,394.02, -5.60 (-0.23%)
- Nasdaq: 6,115.94, -13.83 (-0.21%)
- US 10-year yield: 2.393%, -0.0215
- WTI crude: $47.74, +0.41, (+0.87%)
1. Department stores took a bath after earnings. Reports from Macy’s and Kohl’s pushed those stocks lower in early trading while Nordstrom shares sunk ahead of its quarterly report, which will come after the close.
2. Snap got destroyed after its earnings disaster. The newly public company plummeted after a disappointing earnings report that saw user growth slow to its lowest pace in years.
3. This chart shows how America stacks up in trade with everyone in the world. A Goldman Sachs equity research team led by Robert D. Boroujerdi shared a chart in a research report to clients showing the trade balance of goods by trading partner for 2014.
4. Some of the biggest names on Wall Street all love the same stock market. The high cost of US stocks has many Wall Streeters looking for more affordable markets with better opportunities for growth. One such market is India.
5. The banks that were in charge of Snap’s IPO love it — even after the company’s disastrous earnings report. Co-lead bookrunners Goldman Sachs and Morgan Stanley still have buy ratings on Snap after it reported earnings, and neither adjusted their price target downward.
ADDITIONALLY:
A top banker explains why he left Wells Fargo to join a tech company
Macy’s might shut down more stores
There’s a huge amount of pressure on Snap’s latest initiative
Here are the 9 best US housing markets for investment
Here’s how US trade policy has changed over the last century
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2q9SHbP
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Thomson Reuters
Hajar Saleh helps her grandson Jaafar playing on a slide inside a garden in the Damascus district of Mezzeh
Stocks slid on Thursday as an earnings miss from Macy’s rippled through the retail sector and raised questions about US consumer growth.
All three major indices slid less than 0.3% as stocks stayed mired in a tight trading range. The S&P 500 and Nasdaq Composite fell slightly from record highs reached on Wednesday.
First up, the scoreboard:
- Dow: 20,912.77, -27.10, (-0.13%)
- S&P 500: 2,394.02, -5.60 (-0.23%)
- Nasdaq: 6,115.94, -13.83 (-0.21%)
- US 10-year yield: 2.393%, -0.0215
- WTI crude: $47.74, +0.41, (+0.87%)
1. Department stores took a bath after earnings. Reports from Macy’s and Kohl’s pushed those stocks lower in early trading while Nordstrom shares sunk ahead of its quarterly report, which will come after the close.
2. Snap got destroyed after its earnings disaster. The newly public company plummeted after a disappointing earnings report that saw user growth slow to its lowest pace in years.
3. This chart shows how America stacks up in trade with everyone in the world. A Goldman Sachs equity research team led by Robert D. Boroujerdi shared a chart in a research report to clients showing the trade balance of goods by trading partner for 2014.
4. Some of the biggest names on Wall Street all love the same stock market. The high cost of US stocks has many Wall Streeters looking for more affordable markets with better opportunities for growth. One such market is India.
5. The banks that were in charge of Snap’s IPO love it — even after the company’s disastrous earnings report. Co-lead bookrunners Goldman Sachs and Morgan Stanley still have buy ratings on Snap after it reported earnings,
ADDITIONALLY:
A top banker explains why he left Wells Fargo to join a tech company
Macy’s might shut down more stores
There’s a huge amount of pressure on Snap’s latest initiative
Here are the 9 best US housing markets for investment
Here’s how US trade policy has changed over the last century
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2q9SHbP
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel STOCKS SLIDE LOWER: Here’s what you need to know dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/stocks-slide-lower-heres-what-you-need.html
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