Latest Financial markets News

Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locations

Feb. 27, 2024 14:14 PM EST

NEW YORK (AP) — Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy's aims to upgrade its remaining...

Stock market today: Wall Street holds relatively steady near record highs

Feb. 27, 2024 14:04 PM EST

NEW YORK (AP) — U.S. stocks are holding relatively steady Tuesday near their record levels. The S&P 500 fell 0.1% in afternoon trading. The Dow Jones Industrial Average was down 149 points, or 0.4%, as of 1:56 p.m. Eastern time, and the Nasdaq composite mostly unchanged. ...

AutoZone, Macy's rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Feb. 27, 2024 12:53 PM EST

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Tuesday: AutoZone Inc. (AZO), up $164.18 to $2,934.68. The auto parts retailer beat analysts' fiscal second-quarter earnings and revenue forecasts. Macy's Inc. (M),...

Lowe's: Fiscal Q4 Earnings Snapshot

Feb. 27, 2024 06:06 AM EST

MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe's Cos. (LOW) on Tuesday reported fiscal fourth-quarter profit of $1.02 billion. On a per-share basis, the Mooresville, North Carolina-based company said it had profit of $1.77. The results surpassed Wall Street...

Stock market today: Wall Street edges back from its record heights

Feb. 27, 2024 00:07 AM EST

BANGKOK (AP) — Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights. Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed. Traders are growing cautious after the New Year's rally...

Albany International: Q4 Earnings Snapshot

Feb. 26, 2024 17:12 PM EST

ROCHESTER, N.H. (AP) — ROCHESTER, N.H. (AP) — Albany International Corp. (AIN) on Monday reported fourth-quarter earnings of $30.5 million. The Rochester, New Hampshire-based company said it had profit of 97 cents per share. Earnings, adjusted for non-recurring costs, were $1.22...

Everbridge: Q4 Earnings Snapshot

Feb. 26, 2024 17:05 PM EST

BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Everbridge Inc. (EVBG) on Monday reported a loss of $19.3 million in its fourth quarter. The Burlington, Massachusetts-based company said it had a loss of 47 cents per share. Earnings, adjusted for non-recurring costs and stock...

Rocket Pharmaceuticals: Q4 Earnings Snapshot

Feb. 26, 2024 16:54 PM EST

CRANBURY, N.J. (AP) — CRANBURY, N.J. (AP) — Rocket Pharmaceuticals Inc. (RCKT) on Monday reported a loss of $59.7 million in its fourth quarter. On a per-share basis, the Cranbury, New Jersey-based company said it had a loss of 64 cents. The results beat Wall...

Domino's Pizza, Pilgrim's Pride rise; Alcoa, PPG Industries fall, Monday, 2/26/2024

Feb. 26, 2024 16:17 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Alcoa Corp., down $1.18 to $25.34. The aluminum manufacturer is buying Alumina Limited in an all-stock deal valued at about $2.2 billion. Agiliti Inc., up $2.22 to...

How major US stock indexes fared Monday, 2/26/2024

Feb. 26, 2024 16:17 PM EST

Stocks drifted lower on Wall Street, pulling the market slightly below the record highs it reached last week. The S&P 500 slipped 0.4% Monday. The benchmark index is still on track for its fourth straight winning month. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq...