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 | 44296.51 | +426.16 | +0.97% |
SP500 | S&P 500 | 5969.34 | +20.63 | +0.35% |
I:COMP | NASDAQ COMPOSITE INDEX | 19003.651134 | +31.23 | +0.16% |
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 | 97.26 | +0.12 | +0.12% |
XLV | HEALTH CARE SELECT SECTOR SPDR ETF | 144.15 | +0.11 | +0.08% |
XLK | TECHNOLOGY SELECT SECTOR SPDR ETF | 233.52 | +0.07 | +0.03% |
XLY | CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF | 218.10 | +3.13 | +1.46% |
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. | 6.09 | -0.06 | -0.98% |
SAVE | NO DATA AVAILABLE | - | - | - |
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. | 290.28 | +1.81 | +0.63% |
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. | 420.00 | +9.62 | +2.35% |
TGT | TARGET CORP. | 125.01 | +3.42 | +2.81% |
WMT | WALMART INC. | 90.44 | +2.04 | +2.31% |
BJ | BJS WHSL CLUB HLDGS INC | 96.75 | +3.96 | +4.27% |
ROST | ROSS STORES INC. | 146.09 | +3.13 | +2.19% |
FL | FOOT LOCKER INC. | 23.11 | +0.68 | +3.03% |
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.