Stocks shrug off losses, tech and energy led turnaround
Investors discounted rising COVID-19 restrictions, pushing stocks higher.
Macy's reports 20% fall in comparable sales, eyes surging virus cases
Macy's Inc reported a more than 20% drop in quarterly comparable on Thursday and said it expects that to continue into the fall season, signaling a tough holiday season for the coronavirus-battered department store chain.
Stock futures trade lower ahead of jobless claims, retail earnings
Investors will also get to digest reports on manufacturing and housing
Sonos shares jump as stay-at-home purchases help top expectations
The direct-to-consumer business jumped 67%, helping to make up for weaknesses at retail partners
Pandemic ‘nesting’ isn’t enough to revive Victoria’s Secret
Bath & Body Works posted a 55% jump in quarterly sales as the coronavirus fueled demand for soap and hand sanitizer, helping its parent company offset another quarter of declining sales at its Victoria’s Secret lingerie brand.
Nvidia shares dip on predicted decline in data center sales
Nvidia Corp shares declined nearly 3% on Wednesday after company executives said data center chip sales would fall slightly in the fourth quarter.
Investors betting on a return to normalcy
Phil Blancato on stock market
Lowe’s 3Q sales rise, profit shrinks
Lowe’s Cos . said its sales for the recent quarter grew, continuing gains and yielding more online orders during the Covid-19 pandemic, though profit fell because of higher expenses.
Target blows past expectations as digital sales, same-day services boom
Target Corp. reported booming digital sales and same-day services growth helped fuel a 42% year-over-year spike in third-quarter profit.
Retail, housing sector numbers 'still pretty strong': Investment strategist
Jim Paulsen on retail numbers, consumer confidence amid coronavirus
Walmart earnings surge as coronavirus pandemic boosts grocery, electronics sales
Walmart Inc. said third-quarter profit soared 56% from a year ago as customers stocked up on health and wellness products and electronics amid the COVID-19 pandemic.
Home Depot earnings beat predictions, shares drop as employee costs rise by $1B
Home Depot shares dropped sharply after the Atlanta-based retailer said expenses would rise by nearly $1 billion due to rising employee compensation costs.
Stock futures rise as SpaceX lifts off and ahead of Walmart, Home Depot reports
Investors will monitor vaccine news and retail earnings in the week ahead.
‘Walmarts of the world will be fine,’ small businesses won't: Mark Tepper
Mark Tepper on the restrictions’ impact on the markets
Dow gains 400 points as S&P 500, Russell 2000 hit records
Investors are bidding up stocks on Friday in what has been a choppy week of trading.
Palantir boosts its full-year revenue outlook
Data-analytics company cites pandemic-related government contracts
Cisco posts smaller-than-expected drop in quarterly revenue, shares rise
Cisco Systems Inc reported a smaller-than-expected drop in first-quarter revenue as more people working from home during the COVID-19 pandemic drove demand for its teleconferencing tools, networking equipment and cybersecurity products.
Disney CEO Bob Chapek slams California for ‘arbitrary’ rules keeping park closed
Disney does not have a friend in California Gov. Newsom as CEO slams COVID-19 restrictions.
Disney+ hits 73M subscribers as coronavirus pandemic hits profits
Disney was already making heavy investments in Disney+ and sister service ESPN+ prior to pandemic, which has triggered a surge in digital viewership.
Disney 4Q revenue beats expectations, earnings fall short
Disney releases fourth quarter results