S&P 500, Dow edge lower after mixed retail earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The S&P 500 and Dow Jones indexes eased on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.

Walmart Inc , on the other hand, gained 1.7% after posting a jump in first-quarter U.S. comparable sales as online sales soared due to stockpiling of essentials during the coronavirus-related lockdown.

Trillions of dollars in stimulus has helped the S&P 500 rebound more than 34% from its March lows. Although it is now just about 13% below its record high, the pace of the rally has slowed in May owing to uncertainty over the outbreak and rising U.S.-China tensions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce Sad correlation? i thought they been closed up shop. still unfortunate to read. I usually only see 3 employees in my local store, so I'm assuming my store will be self service.
Source: cnnbrk - 🏆 393. / 55 Read more »

Stock market news today: Dow and S&P 500 updates - CNNUS stock futures are heading south after the Dow surged more than 900 points Monday. Follow live updates: Not again 🤦🏽‍♂️🤦🏽‍♂️ It looks like it’s positive actually... They’re most literally headed north as of this post.
Source: cnnbrk - 🏆 393. / 55 Read more »