us stocks mostly higher on solid retail results
Last Updated : GMT 09:55:56
Arab Today, arab today
Arab Today, arab today

US stocks mostly higher on solid retail results

Arab Today, arab today

Arab Today, arab today US stocks mostly higher on solid retail results

New York - AFP

US stocks Tuesday closed mostly higher following some solid retail earnings reports. The Dow Jones Industrial Average fell 7.75 (0.05 percent) to 15,002.99. The broad-based S&P 500 gained 6.29 (0.38 percent) at 1,652.35, while the tech-rich Nasdaq Composite Index rose 24.50 (0.68 percent) to 3,613.59. All three indices had fallen over the prior four sessions. But analysts cited strong earnings reports Tuesday from Home Depot, Best Buy and others as giving the market \"a reason to rally,\" as Brent Schutte of BMO Private Bank put it. Additionally, stocks got help from bond yields, which retreated from recent peaks. Dow component Home Depot opened higher, but fell 1.2 percent after earnings gained 17.2 percent and the company raised its full-year forecast on the strength of the housing recovery. However, the company\'s upgraded full-year earnings forecast of $3.60 per share still lags analyst expectations by four cents. Netflix jumped 5.2 percent after announcing a contract to exclusively stream the Weinstein Company\'s first-run films starting in 2016. Best Buy shot up 13.2 percent after earnings of 32 cents per share exceeded analyst expectations by 20 cents. Credit Suisse said the report was evidence Best Buy \"is moving in the right direction and that management\'s ambitious plans are beginning to translate into better results.\" Troubled department store operator JC Penney rose 6.0 percent despite reporting a loss of $586 million compared with last year\'s loss of $147 million on lower-than-expected revenues. On the positive side, the company saw sequential sales improvement through the quarter and expects to see a continued rise in the second half of the year. Bookseller Barnes & Noble sank 16.3 percent after reporting an $87 million loss for the quarter on lower-than-expected revenues. Comparable store sales declined 9.1 percent. It said chairman Leonard Riggio had suspended a plan to acquire the company\'s retail business. Popular garment chain Urban Outfitters rose 8.2 percent after profits exceeded expectations by three cents at 51 cents per share. Bond prices rose. The yield on the 10-year US bond fell to 2.81 percent from 2.88 percent Monday, while the 30-year dropped to 3.85 percent from 3.90 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mostly higher on solid retail results us stocks mostly higher on solid retail results

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mostly higher on solid retail results us stocks mostly higher on solid retail results

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday