Category: Market News
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
Gap Inc. GPS, -1.63% has launched a kids home line through its expanding partnership with Walmart Inc. WMT, -2.47% Gap Home Kids includes 200 items including bedding, rugs and window treatments priced from $20 to $79. Walmart and Gap first launched a home collection in June 2021 comprised of bedding and bath items, and have […]
Shares of mattress makers took a dive Wednesday, after Wedbush analyst Seth Basham said he has seen signs suggesting Memorial Day sales came up short. That “negative” sales weekend came despite what Basham said in a pre-weekend note were signs of “incremental promotional intensity” and “outsized discounting” to goose sales. Shares of Tempur Sealy International […]
Energy was the only one of the S&P 500’s SPX, -0.75% 11 key sectors to be gaining ground Wednesday, as rallies in crude oil and natural gas futures offset concerns over the start of the Federal Reserve’s move to reduce liquidity in the marketplace. The SPDR Energy Select Sector ETF XLE, +1.63% climbed 1.5% toward […]
Gold futures eked out a gain Wednesday, shaking off a rise in Treasury yields as U.S. stocks slumped. Gold for August delivery GC00, +0.08% GCQ22, +0.08% rose 30 cents to close at $1,848.70 an ounce on Comex. The yield on the 10-year Treasury note TMUBMUSD10Y, 2.902% rose around 10 basis points to 2.94%. Rising yields […]
PVH Corp. PVH, +0.34% rose more than 4% in the extended session Wednesday after the parent company of Calvin Klein and Tommy Hilfiger reported better-than-expected quarterly sales. PVH said it earned $133 million, or $1.94 a share, in the first quarter, compared with $100 million, or $1.38 a share, in the year-ago period. Revenue rose […]
All three major U.S. stock benchmarks closed lower Wednesday, amid fresh economic data showing manufacturing activity rose in May and as remarks by Federal Reserve officials reinforced expectations the central bank will continue to aggressively tighten monetary policy. The Dow Jones Industrial Average DJIA, -0.54% slipped about 0.5%, while the S&P 500 SPX, -0.75% fell […]
Expectations are growing that the Federal Reserve will deliver another half-percentage point rate increase in September after similar moves in June and July, triggering broad-based selloffs in both bonds and stocks on Wednesday. All three major U.S. stock indexes were down in the afternoon, while an aggressive selloff across Treasurys pushed yields on 2- through […]
Shares of PTC Inc. PTC, -1.36% fell 1.5% in midday trading Wednesday, after one of the product management software company’s largest shareholders, Rockwell Automation Inc. ROK, +0.74%, said it planned to sell some shares. In an form 13D filed before the open, Rockwell said it owned 10.57 million PTC shares, or 9.04% of the shares […]
Shares of Hovnanian Enterprises Inc. HOV, +9.21% surged 6.4% toward a fifth-straight gain in morning trading Wednesday, after the home builder reported fiscal second-quarter earnings that more than tripled, when excluding the benefit of last year’s valuation allowance reduction, and gross margin that improved by more than five percentage points. Net income for the quarter […]