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Lululemon Athletica Quarterly Sales Rise 19%, Expands Stock Repurchase Plan

Dec 8, 2023
Scott Peters
The specialty apparel retailer said international sales soared but net income declined. The company board approved an additional stock repurchase plan of $1 billion.

LULU

Dollar General Estimated Sales Growth Weakness to Persist

Dec 8, 2023
Scott Peters
The deep discount retailer struggled to control its inventories as customers stayed limited to basic product categories and searched for bargains.

DG

Chewy Swung to Quarterly Loss, Gross Margin Expands to Record High

Dec 7, 2023
Scott Peters
The online pet food and pet products retailer swung to a quarterly loss after non-cash employee expenses rose.

CHWY

Nasdaq and S&P 500 Halt 3-day Losing Streak, Continuing Jobless Claims Sank

Dec 7, 2023
Barry Adams
Benchmark indexes halted a three-day losing streak, and chip makers and big tech stocks led the gainers. Treasury yields retained a downward bias ahead of the release of nonfarm payrolls report on Friday.

U.S. Market Indexes and Treasury Yields Retain Downward Bias

Dec 7, 2023
Barry Adams
Market indexes lacked direction in early trading, and investors appeared exhausted after stocks rallied for five weeks in a row. Investors remained focused on the labor market, and expectations ran high that the nonfarm employment report would confirm the cooling trend.

Toll Brothers Quarterly Earnings and Home Backlog Declined

Dec 6, 2023
Scott Peters
The luxury home builder estimated weaker average home prices and fewer home sales in its fiscal year 2024 as buyers struggle with affordability and elevated mortgage rates.

TOL

Investors Look Ahead to Nonfarm Payrolls Report, Crude Oil Prices Dropped to 5-month Low

Dec 6, 2023
Barry Adams
Treasury yields and crude oil prices declined after the latest jobs report showed a cooling trend. Crude oil prices fell to five-month lows. The U.S. trade gap widened slightly in October after exports fell and imports rose.



U.S. Stocks Lacked Direction with Focus on Labor Market

Dec 6, 2023
Barry Adams
Stocks lacked direction in early trading, and investors focused on the latest updates on the job market and awaited the release of the nonfarm payrolls report.

U.S. Stocks Struggled after Job Openings Report and Ahead of Nonfarm Payrolls Update

Dec 5, 2023
Barry Adams
Investors debated the health of the economy, job market, and rate path after job openings dropped to a 30-month low in October.

U.S. Indexes Slip Second Day as 5-week Strong Market Rally Paused

Dec 5, 2023
Barry Adams
Market indexes paused for the second day in a row, and the yield on Treasury bonds drifted lower as investors debated the direction of interest rates over the next few months.

Stretched Valuation Worries Keep Stocks In Check, Factory Orders Sank In October

Dec 4, 2023
Barry Adams
Benchmark indexes declined Monday after tech and high-growth stocks were under pressure following worries about stretched valuations. Factory orders declined in October after transportation orders plunged.

U.S. Averages Pause After Rallying Five Weeks, Alaska Air to Acquire Hawaii Airlines

Dec 4, 2023
Barry Adams
Market indexes edged lower after strong gains in November, and investors reassessed the level and path of interest in the next few months. Cryptocurrency-linked stocks were in focus after bitcoin surpassed the $40,000 mark. Alaska Air's bid to acquire Hawaii Airlines is likely to face tough scrutiny from regulators.

S&P 500 and Nasdaq Composite Rally Five Consecutive Weeks

Dec 1, 2023
Barry Adams
U.S. market averages are set to extend their rally to the fifth week in a row as interest rate optimism dominates market sentiment. Crude oil traded sideways after OPEC+ announced production cuts, and gold edged higher on the dollar's weakness.

Stocks and Precious Metals Surged In November, Crude Oil Eased

Nov 30, 2023
Barry Adams
Stocks surged in November, and the U.S. benchmark indexes advanced between 8% and 11%. Crude oil prices fell 7%, and gold advanced 3% after interest rates neared peak rates and geopolitical tensions eased.



U.S. Market Indexes Approach 2023 Highs After Watered-down Measure of Inflation Cooled

Nov 30, 2023
Barry Adams
Stocks are set to advance after the latest update on the alternative measure of inflation slowed in October. The S&P 500 index and the Nasdaq Composite are set to deliver the best monthly gains in 26 months.