The less volatile four-week moving average was rose by 2,000 to 295,750 in the week. Claims are still near levels last reached in 2006. At midday the S&P 500 was up 0.3% while the Dow and Nasdaq were each 0.2% higher. Stocks on the Move Wal-Mart (WMT) reported second-quarter results that exceeded our expectations on the top line, but higher-than-expected health care costs resulted in operating profit coming in slightly below our forecast (operating margin contracted 20 basis points to 5.6%). Management increased its forecast for higher health care costs to $500 million (from $330 million initially) and incremental investments in e-commerce and technology infrastructure, which combined prompted management to reduce its full-year earnings per share guidance range to $4.90-$5.15 (versus $5.10-$5.45 previously).
STOCKS CLIMB: Here’s What You Need To Know – Yahoo Finance
, saw shares sell-off sharply after disappointing earnings reports. Red Robin fell more than 18% after reporting adjusted earnings that came in well below expectations, while profit margins were also leaner compared to last year. Noodles lost 16% after earnings and revenue disappointed, as the company, which made its public debut in June of 2013, said it expects comparable-store sales in 2014 to be flat compared to the prior year. 5. The last two trading days saw stocks rally in what many are calling a “bad news is good news” trade, but in a post that appeared on BI on Thursday , former CEO of PIMCO Mohamed El-Erian wrote that this trend may be coming to an end. “This ‘bad news is good news’ strategy has worked well given the commitment of central banks to use asset markets as a way of attaining their economic objectives.
Commodity Prices, Bond Yields Send Warnings Signals – Yahoo News
“Given the recent data flow I guess some market players consider there is a high probability of QE in Europe,” said Gilles Moec, an economist at Deutsche Bank in London. Investors also kept a wary eye on the progress of a Russian aid convoy halted on the border with Ukraine. Comments perceived as conciliatory from President Vladimir Putin helped lift Wall Street on Thursday, along with weak jobs data suggesting the Fed would not raise interest rates soon. On Friday, the pan-European FTSEurofirst 300 index rose 0.4 percent in early trade, set for gains for the fourth time in five days, helped by the world’s biggest miner, BHP Billiton saying it could spin off assets. The index is up 2.2 percent for the week, a performance not matched since the week ending Feb.
Stocks, bonds set for weekly gain on loose policy – Yahoo Finance
Related:Farmers and Consumers Seeing Spike in Food Prices Not all segments of the stock market have been able to ignore best stock to invest in today what’s happening here. Energy stocks have been pulled lower in sympathy as the Energy Select SPDR (XLE) threatens to drop out of the upward trend that’s sustained it over the last two weeks. One gets the sense that the market, if you look at it holistically, is confused about where it should go next. Stocks suggest things are improving; commodities and Treasury bonds say otherwise. No wonder, with a heavy calendar of Fed-related events next week including the release of the July Fed meeting minutes and Chairman Janet Yellen’s statement at the Kansa City Fed’s Jackson Hole annual symposium.