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US Stocks Rally After Upbeat Guidance From Retailers
5:15PM ET 5/26/2022 MT Newswires

US equity benchmarks ended Thursday's session with solid gains following upbeat expectations from Dollar Tree (DLTR), Dollar General (DG) and Macy's (M)....

Manufacturing Activity in Midwest Unexpectedly Falls in May, Kansas City Fed Says
4:04PM ET 5/26/2022 MT Newswires

Manufacturing activity in the US Midwest unexpectedly declined in May, with expectations for future activity also easing slightly from recent historical...

Williams-Sonoma Set to Outperform Peers as First-Quarter Results Beat Views, Wedbush Says
3:34PM ET 5/26/2022 MT Newswires

Williams-Sonoma (WSM) is poised to outperform its competitors in the longer term after the kitchen and home furnishings retailer posted...

Gamestop's NFT Wallet, Marketplace 'Unlikely' to Outdo Larger Tech Companies in Capturing Gaming Market, Says Wedbush
2:49PM ET 5/26/2022 MT Newswires

Gamestop's (GME) wallet and marketplace for cryptocurrencies and non-fungible tokens are not expected to surpass "much larger technology companies" in...

Pending Home Sales Drop More Than Expected in April Amid Steeper Prices, Rising Rates
2:15PM ET 5/26/2022 MT Newswires

Pending home sales fell more than expected in April as contract signings advanced at the slowest pace in almost a decade amid high prices and mortgage...

Equities, Treasuries Higher Midday Ahead of Federal Balance Sheet Release
1:45PM ET 5/26/2022 MT Newswires

Stocks were trending higher midday Thursday while government bonds advanced as well. The Dow Jones Industrial Average rose 1.7% to 32,676.07. The S&P 500...

US First-Quarter GDP Contracts More Than Initial Estimates Despite Stronger Consumption
1:25PM ET 5/26/2022 MT Newswires

The US economy contracted more than initially feared in the first quarter due to downward revisions to inventories and residential investment, even though...

Dollar Tree Lifts Full-Year Outlook as Inflation Pressured Consumers Turn to Convenience Shopping
1:23PM ET 5/26/2022 MT Newswires

Dollar Tree (DLTR) lifted its full-year outlook as the company looks to tap into growing consumer demand for value amid surging inflation after fiscal...

Macy's Raises Full-Year Profit View After Spending Shift, Foot Traffic Drive Quarterly Beat
12:07PM ET 5/26/2022 MT Newswires

Macy's (M) boosted its full-year profit outlook as the department store operator hopes to benefit from a shift in consumer preference to high-margin...

Jobless Claims Decline as Demand for Labor Remains Strong in Tightening Market
11:38AM ET 5/26/2022 MT Newswires

US jobless claims decreased last week, consistent with conditions of a tight labor market as demand for workers remains strong and layoff activity low,...

Market Update

US Equity Benchmarks Close With Solid Gains as Relief Rally Gets Boost From Upbeat Retail Guidance
4:48PM ET 5/26/2022 MT Newswires
US equity benchmarks ended Thursday's session with solid gains as the relief rally arising from the Fed's recent minutes of its policy-setting meeting got a boost from upbeat retail guidance from discount r... Read more