US EditionWall Street wobbles ahead of new retail sales data and public appearances by Fed officials
- Wall Street showed modest gains and mixed trading early Wednesday ahead of key retail sales data and Federal Reserve officials' public appearances in the U.S.
- The market activity followed Monday’s agreement between the U.S. and China on a 90-day trade war pause to allow further negotiations.
- Chinese markets rallied strongly in Asian trading, with tech giants like Tencent, Baidu, and Alibaba gaining, while American Eagle Outfitters cut its revenue forecast and shares dropped over 14%.
- American Eagle Outfitters plans a $75 million merchandise write-down and expects a 5% revenue decline, or more than $1 billion, reflecting tariff-related uncertainty impacting financial guidance withdrawals.
- Markets remain cautiously optimistic with some relief from the trade truce, but uncertainty about the duration of tariffs and their economic effects sustains concerns over future Fed rate decisions and inflation.
19 Articles
19 Articles
Daily News-Record
Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
Wall Street bounced between small gains and losses in meek trading as markets await the latest data from the retail sector and any hints from Federal Reserve officials about the U.S. central bank’s future interest rate decisions. Futures for the…
The main North American bags returned to a business the "morna" apps the ultimate sense of the week with the trade agreement between the U.S. and China. Investors evaluated the ria coins and the quarterly results of the North American giants.
The Index of Prices and Quotations (IPyC) of the Mexican Stock Exchange (BMV) opened this Wednesday with a loss of 0.17%, to 57,259.34 points, according to data from the stock exchange institution itself. Meanwhile, the main indexes of Wall Street indicate profits due to the optimism of investors and the impulse granted by technological actions. The S&P 500 earns 0.13%, to 5,894.27 units; while the Nasdaq Composite amounts to 0.48%, to 19,101.98…
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