Stocks end mixed as Nasdaq sinks 1.2%, oil tops $114
Walmart, Target and Home Depot lead retail earnings this week
U.S. stocks trimmed losses ending the session mixed ahead of a barrage of earnings from the nation's biggest retailers and as oil prices ticked higher.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 41794.6 | -257.59 | -0.61% |
SP500 | S&P 500 | 5712.69 | -16.11 | -0.28% |
I:COMP | NASDAQ COMPOSITE INDEX | 18179.984429 | -59.93 | -0.33% |
The Dow Jones Industrial Average notched a modest 0.08% gain by adding over 27 points. Meanwhile, the Nasdaq Composite slipped 1.2% and the S&P 500 0.4%. Energy and health care stocks rose, while discretionary and technology lagged within the S&P's largest groups.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
XLE | ENERGY SELECT SECTOR SPDR ETF | 89.57 | +1.54 | +1.75% |
XLV | HEALTH CARE SELECT SECTOR SPDR ETF | 146.77 | -0.97 | -0.66% |
XLK | TECHNOLOGY SELECT SECTOR SPDR ETF | 223.74 | -0.17 | -0.08% |
XLY | CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF | 199.40 | -0.69 | -0.34% |
The team at Goldman Sachs, led by David Kostin, warned the S&P 500 could fall another 10% from current levels.
S&P 500
In deal news, JetBlue disclosed it will take its offer for Spirit Airlines directly to shareholders.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
JBLU | JETBLUE AIRWAYS CORP. | 5.71 | -0.06 | -1.04% |
SAVE | SPIRIT AIRLINES INC. | 2.34 | -0.13 | -5.26% |
And McDonald's announced it will exit Russia, selling all of its company-owned shops, which will incur a charge of about $1.4 billion.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
MCD | MCDONALD'S CORP. | 292.90 | -2.33 | -0.79% |
Twitter shares dipped for a seventh session now down over 20% during the time frame.
Among the big names reporting will be Walmart and Home Depot on Tuesday; Target, Lowes and TJX Companies on Wednesday; Ross Stores, BJ’s Wholesale Club, and Kohl’s on Thursday; and Foot Locker on Friday morning.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
HD | THE HOME DEPOT INC. | 395.57 | +2.98 | +0.76% |
TGT | TARGET CORP. | 149.99 | -0.85 | -0.56% |
WMT | WALMART INC. | 82.43 | +0.24 | +0.29% |
BJ | BJS WHSL CLUB HLDGS INC | 86.75 | +1.11 | +1.30% |
ROST | ROSS STORES INC. | 140.66 | +0.60 | +0.43% |
FL | FOOT LOCKER INC. | 24.48 | +0.52 | +2.17% |
Investors will pay close attention to the numbers, and especially guidance, for clues about the health of the consumer and the impact that inflation pressures, supply-chain constraints and a tight labor market are having on profitability.
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To date, 459 companies in the S&P 500, or just over 90% of the benchmark index, have posted January through March results, with the numbers coming in well ahead of forecasts.
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In energy trading, benchmark U.S. crude rose over 3% to $114.20 per barrel, while Brent, the international benchmark, rose over 2% to $114.24.
In cryptocurrencies, Bitcoin hovered below the $30,000 level.
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The Associated Press contributed to this report.