Shares of Dollar Tree fell after the retailer revealed that customers are primarily focusing on purchasing food and essentials, indicating more price-sensitive spending habits and a challenging economic backdrop.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
Dollar General cuts annual forecasts and misses profit and sales expectations due to weaker store traffic and increased sales of low-margin essentials, resulting in a 17% drop in its shares; the company has fallen short of earnings expectations for four consecutive quarters and cites heavy competition and high inflation as factors.
Dollar General stock plunges after the retailer cuts its forecasts due to lower sales and increased expenditures.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
Dollar General's stock plunged 17% after missing earnings expectations in Q2 and revising its outlook for the rest of the year, citing weaker sales trends and inventory pressures.
Most Asian stocks fell on Tuesday due to concerns over slowing growth in China, a property sector meltdown, and hot inflation readings, which raised concerns over higher interest rates. Chinese stocks were the worst performers, with investors growing impatient with Beijing's slow approach to stimulus measures.
Stocks fell in morning trading on Wall Street, with the S&P 500 down 0.7%, as big technology stocks and healthcare stocks experienced losses, while several companies made significant moves after reporting earnings and other updates.
Stocks fell on Wall Street as concerns about inflation and weakening global demand weighed on investor sentiment, raising doubts about the Federal Reserve's plans to cut interest rates.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
U.S. stocks fell as oil prices reached a 10-month high, raising concerns about inflation and its impact on the economy; tech mega caps stumbled, leading to losses in the Nasdaq, S&P 500, and Dow Jones Industrial Average.
Asian shares fell and the dollar's rally stalled as the greenback weakened against most major currencies; concerns over Apple's iPhone sales in China and the expansion of a ban on iPhones in sensitive departments in China to government-backed agencies and state companies also weighed on sentiment.
US stocks rose as the dollar fell, with technology stocks leading the way, and Treasury Secretary Janet Yellen expressing optimism about a potential soft landing in the economy.
Bank of America's stock fell 0.31% as the overall stock market had a mixed trading session, with the S&P 500 rising and the Dow Jones falling, ending a three-day winning streak.
Stocks fell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declining, but Wall Street is on track for a winning week.
PayPal's shares fell after being downgraded by MoffettNathanson ahead of the upcoming CEO transition, while DoorDash's shares rose after being upgraded by Mizuho Securities based on strong market share and consumer spending on food. Micron Technology also experienced a stock gain after Deutsche Bank upgraded the company, citing potential for beating first-quarter expectations, and Arm Holdings' shares declined as it works to establish its position in the market.
Asia-Pacific markets fell as traders awaited the Reserve Bank of Australia's policy meeting minutes, while European markets were weighed down by a spike in corporate lending rates; meanwhile, Goldman Sachs predicts that the Fed is done hiking this year and the recent increase in oil prices could benefit London's prime office real estate market.
U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.
U.S. equities fell as the Fed began its policy meeting and the 10-year Treasury yield reached a 16-year high, with Walt Disney shares dropping after announcing increased spending on theme parks and cruises, and Cboe Global Markets shares rising following a CEO change.
Dollar General's declining margins and financial strain caused by its own discounts undermine its viability, leading to a cautious outlook on DG stock.
General Mills' profits have fallen 18% in Q1 due to eroded market share, while its sales have risen 4% to reach $4.9 billion.
Instacart shares fall after going public, Steelcase soars on strong earnings, Klaviyo jumps after IPO, Bausch Health surges on upgraded rating, Stellantis sees sales growth in Europe, Pinterest rallies on revenue growth expectations, Coty raises full-year outlook, Zebra Technologies downgraded, Textron signs deal with NetJets, Chewy downgraded on pet category weakness, and various other companies see stock movements.
World stocks fell for a fifth straight session and the dollar reached its highest level since March as Treasury yields rose, signaling concerns over higher interest rates and slower economic growth.
U.S. stocks fell for a third consecutive day as Treasury yields continued rising, the Bank of England kept interest rates unchanged, Cisco is acquiring Splunk for $28 billion, Rupert Murdoch is stepping down as chairman of Fox Corp and News Corp, investor Steve Eisman believes the banking sector is "uninvestable," and investor interest in AI is starting to wane.
Global shares fell as central banks indicated that interest rates would remain higher for longer and investors awaited U.S. inflation data, causing concern over the economic outlook.
Stocks fell on Tuesday as Wall Street grappled with the possibility of the Federal Reserve maintaining higher interest rates, while consumer confidence declined for the second consecutive month, reaching its lowest levels since May.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
Asia-Pacific markets mostly fell due to an increase in Treasury yields and oil prices, leading to a decline in investor sentiment on Wall Street, with Hong Kong's Hang Seng index sliding 1.41% after shares of Evergrande were suspended.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
General Motors' stock price falls below $30 a share for the first time in over three years amid strikes by the United Auto Workers union and a potentially costly airbag recall.
Asian shares mostly fell amid concerns about the U.S. banking system and Chinese economic growth, with Japan's Nikkei 225 down 0.2% and Hong Kong's Hang Seng down 0.4%, while China's export data showed the sharpest decline in three years. Bank stocks in the U.S. also fell after Moody's cut credit ratings for 10 smaller and midsized banks, citing concerns about their financial strength in light of higher interest rates and the work-from-home trend. The Federal Reserve's efforts to combat inflation by raising interest rates have led to a slowdown in the economy and hit banks hard.
Ally Financial CEO announces departure, causing stock to fall; stocks waver as Federal Reserve minutes reveal support for another rate hike but officials' views change; Meta and Alphabet stocks rise as Treasury yields fall; DaVita and Baxter stocks tumbling after trial success for diabetes drug Ozempic; Producer prices rise more than expected in September but stocks still rise; U.S. crude futures decline amid turmoil in the Middle East.
U.S.-listed shares of an e-commerce giant were falling as Wall Street firms lowered their revenue estimates due to the impact of the struggling Chinese economy.
US stocks fall as fears of war in the Middle East and hopes for stronger profits at big US companies collide in financial markets; oil prices rise and Treasury yields fall, creating uncertainty in the market.
Shares of Dollar General rose more than 9% after the retailer announced the reinstatement of its former CEO, Todd Vasos, to help stabilize the company and rebound from disappointing quarters and penalties for unsafe working conditions.
Goldman Sachs' third-quarter profit dropped less than expected due to a recovery in dealmaking, offsetting losses related to its GreenSky fintech business and real estate investments.
Wall Street's main indexes fell as tensions in the Middle East and concerns over inflation and interest rates weighed on investor sentiment, with Morgan Stanley's profit beating expectations but its shares falling, and United Airlines forecasting weaker Q4 profit.
Stocks fell on Wednesday due to escalating tensions in the Middle East and lackluster earnings from Morgan Stanley, while bond yields reached their highest levels since 2007 and oil prices rose due to concerns over a potential regional conflict; meanwhile, Nvidia stock dropped after the US announced plans to halt shipments of AI chips to China and Morgan Stanley's profits shrank during Q3.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.