These are the top 10 things to watch in the stock market Thursday

Salesforce reports a strong quarter, leading to multiple price-target increases from analysts and a 6% jump in shares, while Dollar General sees a decline in results and slashes forward guidance.

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Relevant topic timeline:

8/22/2023

Macy's had to discount spring goods to entice cautious consumers and sees more warning signs ahead

Macy's reports strong second-quarter profits and sales that beat Wall Street expectations, despite heavily discounting spring goods, citing uncertainty about the economy in the second half of the year and a rise in credit card delinquencies.

8/28/2023

Stock Market Crash Alert: Mark Your Calendars for Aug. 30

Concerns of a stock market crash are growing as economists await the release of the second-quarter GDP report, which could provide insight into the impact of the Federal Reserve's rate-hike campaign and future monetary policy changes. The report may have a significant effect on equity markets, which have been sensitive to economic data releases this year.

8/30/2023

U.S. economy grew at slower 2.1% pace in second quarter, new GDP figures show

The US economy grew at a slower pace in the second quarter, but still showed more strength than expected, with GDP revised down to 2.1% from an initial 2.4%; however, forecasts indicate a robust reading in the third quarter of 2.5% or higher, despite concerns of a potential recession.

8/30/2023

Salesforce earnings: AI lifted the stock, now Wall Street waits for the software giant to deliver

Salesforce stock is expected to report strong second quarter earnings, with investors particularly interested in the company's investments in artificial intelligence and their potential results.

8/31/2023

Stock market today: Wall Street higher as it tries to claw back losses from a brutal August

Wall Street rises ahead of new inflation and jobs data that could impact Federal Reserve's policy decisions, as futures for the Dow Jones and S&P 500 increase, while Dollar General falls 16% and software company Salesforce rallies 6% in premarket.

8/31/2023

UPDATE 2-Dollar General shares tank after another disappointing quarter

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.

8/31/2023

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft

Major retailer Dollar General has revised its sales and profit forecast downwards for the year due to factors such as weaker consumer spending on non-essential purchases, inflation, and increasing theft, indicating a pullback in shopping by American consumers.

8/31/2023

Salesforce Earnings Beat, Margins Up Despite AI Investments

Salesforce's shares rose as their quarterly earnings and revenue exceeded expectations, driven by cost cutting measures and improved operating margins, with the company's profitability surpassing its goals.

9/20/2023

Pinterest, General Mills Up Premarket; Instacart Falls in IPO Debut While Coty Rises on Upbeat Outlook

Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.

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Posted 8/31/2023, 1:48:38 PM

These are the top 10 things to watch in the stock market Thursday

Salesforce reports a strong quarter, leading to multiple price-target increases from analysts and a 6% jump in shares, while Dollar General sees a decline in results and slashes forward guidance.

cnbc.com

Relevant topic timeline:

8/22/2023

Macy's had to discount spring goods to entice cautious consumers and sees more warning signs ahead

8/28/2023

Stock Market Crash Alert: Mark Your Calendars for Aug. 30

8/30/2023

U.S. economy grew at slower 2.1% pace in second quarter, new GDP figures show

8/30/2023

Salesforce earnings: AI lifted the stock, now Wall Street waits for the software giant to deliver

Salesforce stock is expected to report strong second quarter earnings, with investors particularly interested in the company's investments in artificial intelligence and their potential results.

8/31/2023

Stock market today: Wall Street higher as it tries to claw back losses from a brutal August

8/31/2023

UPDATE 2-Dollar General shares tank after another disappointing quarter

8/31/2023

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft

8/31/2023

Salesforce Earnings Beat, Margins Up Despite AI Investments

9/20/2023

Pinterest, General Mills Up Premarket; Instacart Falls in IPO Debut While Coty Rises on Upbeat Outlook