Skip to main content

Featured

Your daily horoscope: January 14, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY If your current way of working does not seem to be taking you closer to your goals then ditch it completely and start over. New technologies such as artificial intelligence could help you immensely this year, IF you have the intelligence to use them wisely. ARIES (March 21 - April 20): There is a lot of pressure building up in your life at the moment but that’s okay because you thrive on being challenged. When the going gets tough Aries is the first sign to get tough in return and today will be no exception. TAURUS (April 21 - May 21): You may be in two minds about what direction you should be taking but what occurs over the next 24 hours will point the way and all you have to do is follow the lead that the universe gives you. Get past your doubts and get moving. GEMINI (May 22 - June 21): If you start something new today it will take up a lot more time and energy than you expected, so think about it carefully and make sure you will be able to...
Post a Comment
Read more
Labels

Stock Market Today: Dow Ends Lower as Investors Await Key Inflation Data

                                                    


The stock market experienced a cautious retreat today as investors closely monitored ongoing quarterly earnings reports from corporate America. All eyes are now on the release of key inflation data later this week.

Market Recap

  • Dow Jones Industrial Average (DJI): The Dow closed 66 points lower, representing a 0.2% decline by 16:00 ET (21:00 GMT).
  • S&P 500: The broader market index fell 0.4% during the same period
  • NASDAQ Composite: The tech-heavy NASDAQ slipped 0.1%.

Earnings Highlights

Several companies made headlines with their earnings announcements

  1. Domino’s Pizza (NYSE: DPZ): Despite inflation pressures impacting margins, Domino’s Pizza stock soared over 5% after reporting quarterly results that exceeded Wall Street expectations. The pizza chain also announced a dividend hike and approved further share repurchases.
  1. Freshpet Inc (NASDAQ: FRPT): The pet-food manufacturer’s stock surged nearly 19% as fourth-quarter revenue and profit beat analyst estimates. Increased sales, coupled with strategic media spending, contributed to Freshpet’s strong performance.
  1. Berkshire Hathaway (NYSE: BRKa): Despite posting its second consecutive record annual profit, Warren Buffett’s conglomerate saw its shares decline by 1.7%, inching closer to a $1 trillion market value.

Retail Earnings Ahead

As the fourth-quarter earnings season winds down, attention shifts to major retailers. Keep an eye on the following companies releasing their quarterly results this week:

  • Lowe’s Companies (NYSE: LOW)
  • Macy’s (NYSE: M)
  • TJX Companies (NYSE: TJX)
  • Best Buy (NYSE: BBY)

These retail earnings reports will provide insights into consumer strength amid concerns about sticky inflation and the prospect of higher interest rates.

Awaiting Inflation and GDP Data

Last week, the Federal Reserve signaled its reluctance to trim interest rates in the near term. However, investors remain cautious as they anticipate more key inflation readings. Specifically, the PCE price index, the Fed’s preferred inflation gauge, is in focus. Additionally, a second reading of fourth-quarter gross domestic product (GDP) data is due on Wednesday. While U.S. economic growth has remained resilient compared to other developed countries, recent quarters have seen a cooling trend.

Keep an eye on market developments as we navigate the intersection of earnings, inflation, and economic data.


Labels:

Comments

Post a Comment

Popular Posts