Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Stock futures are little changed after Lowe’s and Target post earnings beats

by
November 17, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Stock futures were little changed in morning trading Wednesday as investors weighed earnings reports from big-box retailers Target and Lowe’s.

Futures on the Dow Jones Industrial Average slipped by 14 points. S&P 500 futures and Nasdaq 100 futures were little changed.

RELATED POSTS

Manhattan rents hit an all-time high in January

Morgan Stanley says Biden-backed green subsidies will boost this little-known hydrogen stock

Home improvement giant Lowe’s got a boost after reporting earnings that easily beat Wall Street expectations. The stock initially popped in premarket trading as the company not only topped the Street view but also raised its full-year sales forecast. Shares were last higher by less than 1%.

Target posted beats on the top and bottom lines, however, its CEO noted rising costs related to supply chain issues and compensation could have an impact going forward as the company plans to absorb those costs rather than passing them onto the customer. Shares slid 3.3% premarket.

Shares of Dow component Boeing rose nearly 2% in premarket trading after the company received an Akasa Air order for its 737 MAX worth $9 billion. The aerospace company’s stock has been a laggard this year, up just 5.5%.

Also, Tesla moved higher by about 1% as the stock continues its rebound after founder and CEO Elon Musk sold a chunk of his shares.

On the downside, Visa shares slumped about 2% after Amazon said it will stop accepting payments made via Visa credit cards issued in the U.K. starting next year.

The moves in futures trading come after fresh economic data and corporate earnings signaled U.S. consumers are ramping up spending despite rising prices.

The Dow added 54.77 points, or 0.15%. The S&P 500 gained 0.39% and the Nasdaq Composite rose 0.76%.

Retail sales rose 1.7% in October, the Commerce Department reported Tuesday, faster than economists expected. The figure measures how much consumers spend on goods across a number of categories.

Strong quarterly results from Home Depot also boosted investor sentiment Tuesday. The home improvement retailer led gainers on the Dow after earnings topped analyst estimates. Walmart also reported better-than-expected results, though its shares declined.

“US stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher,” Edward Moya, senior market analyst at Oanda, said in a Tuesday note.

Investors await more retail earnings Wednesday from TJX, Bath & Body Works and Victoria’s Secret. Other major companies reporting results Wednesday include Cisco Systems and Nvidia.

ShareTweetPin

Related Posts

Manhattan rents hit an all-time high in January

by
February 9, 2023
0

A man enters a building with rental apartments available in New York City. Eduardo Munoz Alvarez | VIEW press |...

Morgan Stanley says Biden-backed green subsidies will boost this little-known hydrogen stock

by
February 9, 2023
0

Shares of Norway's Nel Hydrogen are expected to rise by more than 20% thanks to the latest set of green...

Singapore drops pre-departure requirements for travelers, further eases mask rules

by
February 9, 2023
0

People gather outside the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN...

Oil faces a ‘serious problem’ by 2024 as production capacity runs out, warns Goldman — here are 3 big oil stocks with yields as high as 4%

by
February 9, 2023
0

S&P 500 4,117.86 -46.14(-1.11%) Dow 30 33,949.01 -207.68(-0.61%) Nasdaq 11,910.52 -203.27(-1.68%) Russell 2000 1,942.60 -30.01(-1.52%) Crude Oil 78.47 0.00(0.00%) Gold...

‘Lithium Batteries Are the New Oil,’ According to Elon Musk — Here Are 2 Stocks to Take Advantage

by
February 9, 2023
0

S&P Futures 4,137.50 +7.00(+0.17%) Dow Futures 34,065.00 +70.00(+0.21%) Nasdaq Futures 12,580.00 +34.75(+0.28%) Russell 2000 Futures 1,953.00 +3.10(+0.16%) Crude Oil 78.57...

Next Post

Mortgage refinance demand continues its free fall, as interest rates rise again

Some retailers are buying back stocks - and that could be why their earnings are looking strong

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net