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2021-11-17

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U.S. stock market drifts slightly lower to start Wednesday trade

U.S. stock market drifts slightly lower to start Wednesday trade as investors weighed strong earning

U.S. stock market drifts slightly lower to start Wednesday trade

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The S&amp;P 500 and Nasdaq Composite hovered near the flat line.</p>\n<p>Target posted&nbsp;beats on the top and bottom lines, but its CEO noted rising costs may have an impact on the company going forward as it plans to absorb those costs rather than pass them onto the customer. Shares slid 3.3%.</p>\n<p>Home improvement giantLowe’ssaw shares rise, however, initially popping in premarket trading as the company not only topped estimates from the Street but also raised its full-year sales forecast. Shares were last higher by 1.4%.</p>\n<p>Shares ofTJXjumped more than 6% after the apparel and home retailer reported a quarterly earnings beat on the top and bottom lines as well as a same-store sales increase of 14% year-over-year.</p>\n<p>Elsewhere, shares of Dow componentBoeingrose nearly 2% after the company received an Akasa Air order for its 737 MAX worth $9 billion. 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The S&amp;P 500 and Nasdaq Composite hovered near the flat line.</p>\n<p>Target posted&nbsp;beats on the top and bottom lines, but its CEO noted rising costs may have an impact on the company going forward as it plans to absorb those costs rather than pass them onto the customer. Shares slid 3.3%.</p>\n<p>Home improvement giantLowe’ssaw shares rise, however, initially popping in premarket trading as the company not only topped estimates from the Street but also raised its full-year sales forecast. Shares were last higher by 1.4%.</p>\n<p>Shares ofTJXjumped more than 6% after the apparel and home retailer reported a quarterly earnings beat on the top and bottom lines as well as a same-store sales increase of 14% year-over-year.</p>\n<p>Elsewhere, shares of Dow componentBoeingrose nearly 2% after the company received an Akasa Air order for its 737 MAX worth $9 billion. The aerospace company’s stock has been a laggard this year, up just 5.5%.</p>\n<p>Also,Teslaclimbed higher by about 1% as the stock continued its rebound from a 15.4% loss last week, when CEO Elon Musk beganhis Tesla stock sell-off.</p>\n<p>On the downside,Visashares slumped about 2% after Amazon said it willstop accepting payments made via Visa credit cardsissued in the U.K. starting next year.</p>\n<p>The moves come after fresh economic data and corporate earnings signaled U.S. consumers are ramping up spending despite rising prices.</p>\n<p>On Tuesday the Dow added 54.77 points, or 0.15%. The S&amp;P 500 gained 0.39% and the Nasdaq Composite rose 0.76%.</p>\n<p>Retail salesrose 1.7% in October, the Commerce Department reported Tuesday, faster than economists expected. The figure measures how much consumers spend on goods across a number of categories.</p>\n<p>Strongquarterly results from Home Depotalso boosted investor sentiment Tuesday. The home improvement retailer led gainers on the Dow after earnings topped analyst estimates.Walmart also reported better-than-expected results, though its shares declined.</p>\n<p>“U.S. stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher,” Edward Moya, senior market analyst at Oanda, said in a Tuesday note.</p>\n<p>Investors await more retail earnings Wednesday from Bath &amp; Body Works and Victoria’s Secret. Other major companies reporting results Wednesday include Cisco Systems and Nvidia.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158463306","content_text":"U.S. stock market drifts slightly lower to start Wednesday trade as investors weighed strong earnings reports from big-box retailers against lingering inflation concerns and continued digesting strong retail data.\nThe Dow Jones Industrial Average slipped by 55 points, or 0.1%. The S&P 500 and Nasdaq Composite hovered near the flat line.\nTarget posted beats on the top and bottom lines, but its CEO noted rising costs may have an impact on the company going forward as it plans to absorb those costs rather than pass them onto the customer. Shares slid 3.3%.\nHome improvement giantLowe’ssaw shares rise, however, initially popping in premarket trading as the company not only topped estimates from the Street but also raised its full-year sales forecast. Shares were last higher by 1.4%.\nShares ofTJXjumped more than 6% after the apparel and home retailer reported a quarterly earnings beat on the top and bottom lines as well as a same-store sales increase of 14% year-over-year.\nElsewhere, shares of Dow componentBoeingrose nearly 2% after the company received an Akasa Air order for its 737 MAX worth $9 billion. The aerospace company’s stock has been a laggard this year, up just 5.5%.\nAlso,Teslaclimbed higher by about 1% as the stock continued its rebound from a 15.4% loss last week, when CEO Elon Musk beganhis Tesla stock sell-off.\nOn the downside,Visashares slumped about 2% after Amazon said it willstop accepting payments made via Visa credit cardsissued in the U.K. starting next year.\nThe moves come after fresh economic data and corporate earnings signaled U.S. consumers are ramping up spending despite rising prices.\nOn Tuesday the Dow added 54.77 points, or 0.15%. The S&P 500 gained 0.39% and the Nasdaq Composite rose 0.76%.\nRetail salesrose 1.7% in October, the Commerce Department reported Tuesday, faster than economists expected. The figure measures how much consumers spend on goods across a number of categories.\nStrongquarterly results from Home Depotalso boosted investor sentiment Tuesday. The home improvement retailer led gainers on the Dow after earnings topped analyst estimates.Walmart also reported better-than-expected results, though its shares declined.\n“U.S. stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher,” Edward Moya, senior market analyst at Oanda, said in a Tuesday note.\nInvestors await more retail earnings Wednesday from Bath & Body Works and Victoria’s Secret. 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U.S. stock market drifts slightly lower to start Wednesday trade

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