Markets calm but warn on rising yields and gold
Despite Trump era talk, U S stock market has stayed tame with the S&P 500 flat for 40 straight trading days and no 1% drop in 80 sessions. Analysts warn that a sustained rise in both gold prices and long term yields could signal future volatility, citing historical precedents. Gold is around $1230 an ounce after recent gains from $1275 at Election Day, while the 10 year Treasury drifted from 2.6% back toward 2.4%.
MENTIONED IN THIS ARTICLE
Donald Trump
Standard & Poor
Paul Hickey
Michael Hartnett
Bank of America Merrill Lynch
Hartnett
Finish Line to Sell JackRabbit Unit for $9 Million
Finish Line faces revenue and earnings pressure as JackRabbit, which generates about 5 percent of the athletic shoe retailer's revenue, is being sold to a private equity firm for $9 million. Shares slipped after analyst downgrades as revenue outlook dims. Dick's Sporting Goods continues an uptrend, gaining market share after rivals Sports Authority and Golfsmith bankruptcy, aided by expansion into hunting categories.
MENTIONED IN THIS ARTICLE
Finish Line
Dick’s Sporting Goods
Sports Authority
Golfsmith’s
Hunting
Nintendo Switch preorders sell out at Best Buy
Nintendo preorders for the new Switch, about a month from release, sold out within minutes as Best Buy restocked. The device is the successor to the 3DS, with stock movement reflecting high demand and investor attention.
MENTIONED IN THIS ARTICLE
Nintendo
Best Buy
Switch
STRIALS Telcom CROE Volatility Index overview
Acidic market briefing notes CROE volatility index tracks expected market moves from S&P 500 option pricing. The report outlines the S&P 500 price to earnings ratio using trailing twelve months operating earnings, with in depth markets coverage from USA Today Money.
MENTIONED IN THIS ARTICLE
CROE
S&p
USA Today.com
MONEY
Abercrombie tests suite fitting rooms and mood amenities
Abercrombie & Fitch unveils a Polaris Fashion Mall store concept with two shops inside a private suite fitting area. Suites feature mood lighting, music controls, and a phone dock, plus easy online order pickup and quick checkouts. The move comes as sales slide and leadership changes occur companywide.
MENTIONED IN THIS ARTICLE
Abercrombie & Fitch
Tique
Polaris
Columbus
Ohio
Abercrombie
Mer
Chandising
Fran Horowitz
H&m
Forever 21
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