By Lucia Mutikani WASHINGTON (Reuters) - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the report from the National Association of Realtors on Wednesday showed inventory increasing last month to a 2-1/2-year high entry-level homes remained scarce
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US stocks ticked upward Friday as the Dow Jones Industrial Average (^DJI) closed at 40,000 for the first time ever. The Dow rose 0.3% to score its record high. The S&P 500 (^GSPC) ticked up 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) slipped 0.1%, but all the gauges notched weekly wins. Investor enthusiasm for interest
Walmart (WMT) wowed Wall Street yet again, causing the stock to jump as much as 7% in early trading Thursday. For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.
By Medha Singh and Laura Matthews (Reuters) -Shares of videogame retailer GameStop surged 70% on Monday after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. GameStop's shares hit an 18-month high at $38.20 and were halted
The relentless rally in stocks took a breather on Monday, with traders awaiting this week’s batch of jobs data and remarks from Federal Reserve officials for clues on the interest-rate outlook. In the absence of fresh catalysts, equities showed signs of exhaustion after a rally that drove the S&P 500 to its 15th record in
Target will limit the availability of its 2024 Pride Month collection after last year’s conservative blowback over its LGBTQ+ themed merchandise. The retailer said in a Thursday fact sheet that it plans to offer a collection of products including adult clothing and “home and food and beverage items” to celebrate Pride Month this June. It
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Dow gains 450 points, major averages notch winning week Traders work on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters Stocks closed higher Friday and capped off a winning week. The Dow Jones Industrial Average gained 450.02 points, or 1.2%, to settle at 38,675.68. The S&P 500 surged 1.3% to finish
US stocks strode higher Thursday in a calm after the Fed day storm, as investors set aside rate worries for now to focus on Apple (AAPL) earnings and the coming monthly jobs report. The S&P 500 (^GSPC) rose roughly 0.9%, while the Dow Jones Industrial Average (^DJI) gained about 0.8%. The tech-heavy Nasdaq Composite (^IXIC)
Muslim devotees are breaking their fast and having their meals on the last Friday of the holy fasting month of Ramadan, also known as Jumat-ul-Vida, at the Jama Masjid in the old quarters of New Delhi, India. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets mostly extended gains from Monday as tech shares rebounded on