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Walmart (WMT) shares tumbled 9.2% after reporting weaker-than-expected US comparable sales growth and a soft earnings outlook. UBS lowered its price target on WMT, citing concerns over the core US bu…
Walmart reported its weakest quarterly U.S. sales growth since 2020 at 2.6%, missing analyst expectations of 3.8% amid cautious consumer spending. Shares slid over 6% in premarket trading despite a 2…
Home Depot beat Q2 earnings and revenue estimates as comparable sales rose 1.7%, marking its best result since 2022. However, management warned of a 'frozen housing market' and consumer hesitancy on …
Gold futures opened higher following softer U.S. economic data, including a drop in retail sales and consumer sentiment. A declining U.S. dollar and ongoing geopolitical tensions in the Middle East c…
Former Boston Fed President Eric Rosengren stated that weak retail sales reflect consumer strain from high oil prices, even as robust AI and technology investments continue to drive substantial busin…
US stock indices retreated as a 0.6% drop in July retail sales and weakening consumer confidence stoked growth concerns. Tech shares lagged, led by Broadcom's 6% plunge over AI debt financing worries…
U.S. stocks edged lower on Friday as profit-taking, weaker-than-expected retail sales, and a sharp drop in consumer sentiment weighed on investor sentiment. Rising crude oil prices and geopolitical t…
U.S. stocks retreated from record highs after retail sales unexpectedly dropped 0.6%, raising concerns over consumer spending. Higher oil prices also revived inflation worries, pulling down the S&P 5…
U.S. stocks retreated from record highs as retail sales unexpectedly dropped 0.6% and consumer sentiment weakened. Rising oil prices and climbing Treasury yields added to inflation concerns, dampenin…
US equity indexes fell following a steep 0.6% decline in retail sales and weakening consumer sentiment. Conversely, crude oil prices surged as tensions with Iran escalated amid threats of unprecedent…
Gold and silver futures finished higher to cap a positive week. Fading expectations of a Federal Reserve rate hike, spurred by an unexpected 0.6% drop in U.S. retail sales, bolstered investor demand …
US equity indexes slipped after retail sales fell 0.6%, marking the steepest drop in 14 months. Meanwhile, WTI and Brent crude oil climbed over 1% as the US Treasury prepared unprecedented economic s…
U.S. retail sales plunged 0.6% in July, missing estimates amid geopolitical tensions in the Strait of Hormuz. Weak jobs and retail data reduced Fed rate hike expectations, while oil disruption risks …
US markets dropped after July retail sales fell 0.6% and consumer sentiment tumbled to 51.0. Chipmaker Broadcom led tech sector losses with a 5.6% decline, while Amazon slipped amid weak retail data …
US equity indices fell as retail sales dropped 0.6% and consumer sentiment weakened. Meanwhile, crude oil surged amid heightened geopolitical tensions with Iran and disruptions in the Strait of Hormu…
US equity indexes and major tech ETFs slipped after unexpected declines in July retail sales. Energy and commodities such as crude oil, gold, and silver posted gains, while major cryptocurrencies lik…
US equity indices retreated intraday as weak retail sales data and deteriorating consumer sentiment weighed on risk appetite, led by tech sector declines. Meanwhile, crude oil benchmarks gained amid …
Robust US retail sales and falling jobless claims bolster the dollar ahead of the Fed and ECB meetings. ECB expected to hold rates at 2.25%, while BoE likely keeps rates steady amid sticky UK inflati…
USD strengthened on solid retail sales and falling jobless claims, supporting a Fed hold. ECB and BoE also expected to hold rates. DXY defends key 100.50 support, maintaining bullish technical struct…
US stock futures rebounded as investors bought back into technology shares. Nasdaq led the gains, bolstered by news of an Apple-Intel chip partnership, while falling crude prices and strong retail sa…