Tag: Marketwatch

U.S. stocks opened higher after fresh data showed a drop in weekly jobless claims, signaling that layoffs remain near record lows in a tight labor market even as the U.S. economy slows. The Dow Jones Industrial Average DJIA, +0.40% was up around 0.1% soon after the opening bell, while the S&P 500 SPX, +0.89% gained […]

Dollar Tree Inc. DLTR, -0.08% shares fell 8% before market open on Thursday as the retailer narrowed its full-year revenue forecast and gave weaker-than-expected earnings guidance. Dollar Tree reported second-quarter sales of $6.77 billion, compared with $6.34 billion in the same period last year, and slightly below the FactSet consensus of $6.79 billion. Dollar Tree […]

Atlanta Fed President Raphael Bostic told The Wall Street Journal in an interview that it’s a “coin toss” right now between supporting a half point or a 75 basis point rate hike in September. He said if data remains strong and inflation doesn’t soften, it may make the case for the larger increase. Bostic, who […]

Bed Bath & Beyond Inc. BBBY, +18.00% is in exclusive talks with Sixth Street Partners for a loan of close to $400 million, the Wall Street Journal reported Wednesday afternoon. The Journal reported on Tuesday that the struggling retailer had picked a loan partner, and the more recent report provides a name and some of […]

Shares of Autodesk Inc. ADSK, +0.37% rose more than 7% in the extended session Wednesday after the software company reported quarterly earnings above Wall Street expectations and kept its 2022 guidance intact, saying demand is “robust.” Autodesk said it earned $186 million, or 85 cents a share, in the fiscal 2023 second quarter, compared with […]

The benchmark 10-year Treasury yield TMUBMUSD10Y, 3.104% climbed on Wednesday to as high as 3.12%, the highest level since July 28, as medium-term inflation expectations continue to rise. The rise in those expectations was spilling over into nominal Treasury yields, according to Steve Englander of Standard Chartered Bank, with rates across the curve all moving […]

Oil futures moved lower in Tuesday dealings, as reports say that Iran is assessing the U.S. response to the European Union’s draft nuclear deal. Nasser Kanaani, spokesman for the Foreign Minister in Tehran, said Wednesday that Iran would comment on Washington’s reply through the EU when the assessment is complete, according to a report from […]

The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 3.3 million barrels for the week ended Aug. 19. On average, analysts expected a decline of 3.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also said gasoline stockpiles were “virtually unchanged” for the week, while […]

U.S. stocks opened marginally lower again on Wednesday as the main benchmarks headed for a fourth day of losses ahead of closely-watched commentary from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, +0.20% fell 3 points, or 0.1%, to 4,126. The Nasdaq Composite COMP, +0.37% retreated 5 points, or 0.1%, to 12,377. The Dow […]

The ODP Corp. ODP, -1.16%, the former office goods retailer Office Depot, said Wednesday it has entered an agreement to sell its corporate headquarters in Boca Raton, Florida, and then partially lease it back. The deal is expected to close by year-end, after which ODP will lease part of the building’s office space for at […]