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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 08, 2023
Page
8
Wall Street expects Kroger to report mixed results as fiscal Q2 earnings rise from a year earlier while revenue declines. Analysts weigh the performance of Kroger’s chains including Dillons and Ralphs amid overall revenue softness and profit pressures.
A brief market recap notes trading activity with index moves and notable stock performers. Investors weigh inflation signals and corporate results as volumes rise on cautious sentiment across sectors.
Stocks declined as concerns over a hotter economy keep the Federal Reserve ready to hold rates higher longer. The S&P 500 eased 0.3 percent in a third straight loss, with Big Tech weak and the Nasdaq down 0.9 percent while the Dow rose. Traders see a near even chance of another rate increase this year as wage and jobs data stay strong. CHPT traded around 33.23 after reports of talks with Smurfit Kappa. Verint Systems slid about 19.4 percent after trimming its annual sales forecast.
Agenda materials show proposed additions of two sided bike lanes at Bob Billings Parkway and Wakarusa Drive plus chevron markings at multiple driveways. Officials note 48 sidewalk crossings need pavement marking upgrades costing about 100 230, with 49 shared use path crossings at 38 360. Funding totals 337 253, leaving about 75 000 shortfall. The council plans to fund two of three crossing types now with 315 000 earmarked for bike lanes and shared paths, using leftovers for sidewalk crossing work.
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