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The stock market fell on Tuesday, with the broader market recording its biggest one-day percentage drop in roughly a month, as retail sales raised concerns about the economic recovery. The Commerce Department reported retail sales fell by 1.1% in July from June.Specifically, spending at online and other non-store retailers fell 3.1% while sales at car dealers fell 4.3%. The pullback snapped five...
Continue reading >>The stock market was mostly higher on Friday after setting another round of record highs despite a sharp drop in consumer sentiment. Specifically, the preliminary consumer sentiment index for August fell to 70.2, its lowest level in a decade, versus forecasts to match the final reading of 81.2 for July. The news suggested that the Delta variant of the coronavirus was impacting consumers as most...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
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Major U.S. stock indexes slipped Monday to start the week amid fears of slowing global growth, with China’s economic recovery lagging and oil prices falling.The Dow shed about 140 points, or roughly 0.4%. S&P 500 dipped around 0.6% and the Nasdaq Composite fell about 1.3%.Data showed Chinese economic growth slowing more than expected. China’s retail sales increased by 8.5% in July...
Continue reading >>The stock market was mostly higher on Friday after setting another round of record highs despite a sharp drop in consumer sentiment. Specifically, the preliminary consumer sentiment index for August fell to 70.2, its lowest level in a decade, versus forecasts to match the final reading of 81.2 for July. The news suggested that the Delta variant of the coronavirus was impacting consumers as most...
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