Market indices retreat as stocks drift on thin volumes
Market Watch notes Dow Jones at 18,573.94 with a modest 21.92 rise while Nasdaq and Russell show mixed movement. NYSE close at 5,228.66 and 1,227.68 in key components, with volatility easing as traders await catalysts.
Market Movers and Fed Minutes Signal Cautious Outlook
Staples Inc. fell 66 cents to 8.67 as quarterly results matched expectations but sales are seen continuing to decline. OSI Systems rose 7.58 to 68.23 on forecasts of strong results next year. Fed minutes show near term risks easing and a potential rate hike may come, supported by job growth gains and stable markets, though inflation remains stubbornly slow.
MENTIONED IN THIS ARTICLE
Staples Inc
Os! Systems Inc
Washington
Federal Reserve
U.S
Britain
European Union
Fed
Cisco to lay off 5500 workers in restructuring
Cisco Systems says it will lay off 5500 employees about 7 percent of its workforce of roughly 74000. The move aims to adapt to changing technology reducing demand for its key products, with terminations beginning this summer.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Cisco Systems
Cisco
Not so autonomous Tesla leads a flood of driver assist cars
Auto makers rival Tesla with cars that can nearly drive themselves. Honda Civic and Mercedes-Benz offer similar features though Tesla promotes Autopilot with swagger. Analysts note safety, regulatory, and business stakes as automakers race to capture a share of a $5.4 trillion transport market.
MENTIONED IN THIS ARTICLE
Detroit
Tesla Motors
Tesla
Mercedes-Benz
Adrian Lund
Insurance Institute For Highway Safety
Google
Apple
Ford
Mark Fields
Florida
Mercedes
General Motors
Raj Rajkumar
Carnegie Mellon University
U.S
Boston Consulting Group
Musk
Lund
To Pay Off a Mortgage Early Should You?
The piece weighs whether making extra payments on a 250000 dollar, 30 year loan at 4 percent saves money. It claims about 27724 in interest saved and four years off the term, while noting risks like tying up cash for retirement and emergencies. Advisors urge ensuring retirement savings and an emergency fund before extra payments.
MENTIONED IN THIS ARTICLE
Suzanne Martindale
Consumer Union
Target
Nike Exits Golf Equipment, Redrawing The Market
Nike announces exit from golf equipment to focus on shoes and apparel, following Adidas in refocusing. The move amid an $8.7 billion market could favor Callaway and Titleist. Acushnet plans an IPO, signaling more market shifts as golf participation stabilizes after years of decline. Jeffries analyst notes rising U.S. rounds so far this year.
MENTIONED IN THIS ARTICLE
Nike
Adidas
TaylorMade
Adams
Ashworth
Callaway
Acushnet Holdings
Titleist
Pinnacle Brands
Jeffries
Randa Konik
U.S
Coma Off Target Profit Forecast Cuts Shares Slump
Target Corp shares fell after the retailer cut its profit outlook and warned on sales as fewer customers shopped stores and demand for lower priced items waned. The earnings miss and soft consumer demand pressured the stock.
MENTIONED IN THIS ARTICLE
Target
Dividend Footnotes and Stock Dividend Notes
Summary of dividend footnotes detailing extra dividends paid stock dividends and adjustments to the annual rate. Includes notes on dividends in arrears, stock splits, and whether yields or P E ratios are shown. Mentions closed end fund stock and high price earnings values.
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Dow Nasdaq
Russell
NYSE
Commodities Review
The
Associated Press
Auto Industry
Dee-Ann Durbin
Tom Krisher
Mercedes-Benz USA
Alos
Adidas Golf
Sarah Skidmore Sell, Jenn Sonn + AF
At&t
Bb&t Corp Bank of America Bac
Best Buy Bby
Commercial Metals
Civc
Curtis-Wright Cn
Danaher Corp Dhr
Deere DE
Dillards Inc Dds
DollarTree Oltr
Donnelley & Sons
Duke Engy Duk Fmc Corp Fmc
GE Hanesbrand Hbi
HOG
Harley-Davidson Home Depot
Intel Corp
Kohis Kss
Lowes Low
Martin Marietta
Microsoft Msft
PNC Financial Pnc
Snyder-Lance Inc Southern Company
Spectra Energy Suntrust Banks Sti
Target Tgt
Texas Roadhouse
TXRH
Textron
TWX
Time Warner Inc
TKR
Wal Mart
WMT
Wells Fargo Wfc