Stock market today: Wall Street rises after Target and other retailers top profit forecasts

  • 📰 SooToday
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

NEW YORK (AP) — U.S. stocks are opening higher after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.2% in early Wednesday trading. The Dow Jones Industrial Average added 110 points, or 0.

NEW YORK — U.S. stocks are opening higher after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.2% in early Wednesday trading. The Dow Jones Industrial Average added 110 points, or 0.3%, and the Nasdaq composite rose 0.2%. Target jumped after topping profit expectations for the spring. But Macy’s dropped after cutting its forecast for sales this year due in part to more discriminating shoppers.

Energy companies Arch Resources and Consol Energy announced Wednesday that they were combining in an all-stock merger, sending shares in each company up more than 3%. The combined company, Core Natural Resources, will be a leading producer and exporter of high-quality, low-cost coals, the companies said.

“We might get a read on how confident or otherwise the Fed is that inflation has been tamed, and from this, markets may project the size and scope of rate cuts we might expect to see,” said Tim Waterer, chief market analyst at KCM Trade.In Europe at midday, France's CAC 40 gained 0.5%, Germany's DAX rose 0.6% and Britain's FTSE 100 rose 0.3%.

In energy trading, benchmark U.S. crude added 19 cents to $73.36 a barrel. Brent crude, the international standard, picked up 23 cents to $77.43 a barrel.

 

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:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

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

Stock market today: Wall Street holds near records after an 8-day winning streakNEW YORK (AP) — U.S. stocks are holding near their record levels following an eight-day winning streak. The S&P 500 was down less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite slipped 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street closes its best week of the year with some more gainsNEW YORK (AP) — U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street gives back some of its gains as its rally loses momentumNEW YORK (AP) — Stocks are giving back some of their big gains from earlier in the week as Wall Street’s rally loses some steam. The S&P 500 was 0.3% lower early Friday and on track for its first drop in seven days.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street holds steady after an inflation report comes in as expectedNEW YORK (AP) — Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected. The S&P 500 was up 0.1% in early trading Wednesday, coming off one of its best days of the year.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens higher after inflation report comes in better than expectedNEW YORK (AP) — U.S. stocks are rising, and Wall Street is relaxing a bit after the first of several highly anticipated reports on the economy this week came in better than expected. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street is steady ahead of big tests coming later in the weekNEW YORK (AP) — Wall Street is holding relatively steady, as markets around the world stabilize following a wild week. The S&P 500 was up 0.3% in early trading Monday. The Dow Jones Industrial Average rose 58 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »