Stocks & Markets

Tech, Consumer Discretionary Sectors Propel U.S. Stocks Higher

Tech, Consumer Discretionary Sectors Propel U.S. Stocks Higher

US equity benchmarks were pushing higher on Tuesday morning, buoyed by gains in the technology and consumer discretionary categories, which offset uncertainty following reports that US tariffs on some Chinese exports would be delayed. In economic news, US inflation rose more than expected in July, underpinned by increases in the indexes for gasoline and shelter, prompting questions over whether the […]

Yum Brands Shares Rise

Yum Brands Shares Rise

Yum Brands (YUM) popped Thursday after the fast-food operator posted better-than-expected second-quarter results that were driven by comparable-sales growth. The Louisville, Ky.-based owner of the KFC, Pizza Hut and Taco Bell brands said it earned $0.93 per adjusted share in the quarter ended June 30, up from $0.82 in the prior-year period and ahead of Capital IQ’s consensus for $0.88. […]

Acuity Third-Quarter Revenue Misses Estimates

Acuity Third-Quarter Revenue Misses Estimates

Shares of Acuity Brands (AYI) were sharply lower after the lighting company said its fiscal fourth-quarter net sales could decline slightly after third-quarter sales missed analysts’ estimates. The Atlanta-based company, which provides lights and building management solutions, reported net sales of $947.6 million in the three months ended May 31, up 0.4% from the same quarter of the prior year, […]

HB Fuller Second-Quarter Results Miss Views

HB Fuller Second-Quarter Results Miss Views

HB Fuller (FUL) accelerated its debt de-leveraging target and downwardly revised its full-year guidance after markets closed on Wednesday as it posted second-quarter results which fell short of analysts’ estimates amid lower construction-related volumes. The St Paul, Minn.-headquartered firm, which was founded in 1887 and whose adhesives are used to glue shoes, hang wallpaper and manufacture boxes, posted revenue of […]

Stocks Rally in Early U.S. Session

Stocks Rally in Early U.S. Session

Equities pushed firmly higher in early trading on Thursday after the Federal Reserve took a dovish turn to signal a possible rate cut this year and as oil prices jumped amid growing tensions in the Persian Gulf. All three benchmarks were firmly higher, with the Standard & Poor’s 500 in record high territory, with the Dow Jones Industrial Average and […]

S&P 500 Posts 4.4% Weekly Climb, Starting June on Strong Note

S&P 500 Posts 4.4% Weekly Climb, Starting June on Strong Note

The Standard & Poor’s 500 index rose 4.4% this week, giving June a strong start as the materials and technology sectors led broad gains amid hopes for lower interest rates. The market benchmark ended the week at 2,873.34, up sharply from last week’s closing level of 2,752.06. This snaps a weekly losing streak that had reached four weeks last week, […]

Equities Sink in Early US Session as President Trump Hits Mexico With Surprise Tariffs

Equities Sink in Early US Session as President Trump Hits Mexico With Surprise Tariffs

Stocks plunged in early trading on Friday as President Trump surprised investors by slapping new tariffs on Mexico over illegal migration, sending measures firmly into the red on the new injection of trade-related uncertainty. Late Thursday, Trump said an escalating series of tariffs on all imports from Mexico would start next month unless the southern neighbor takes steps to stop […]