BREAKING MORNING FINANCIAL NEWS
By Staff Reporters
Dick’s had its worst day ever. The sporting goods retailer lost nearly a quarter of its value after it warned that increased theft and slowing sales of outdoor gear would result in lower-than-expected profits for the rest of the year.
Meanwhile, Macy’s also posted a sad excuse for a quarter, reporting shrinking sales across the board and particularly dramatic declines in categories like active wear and casual apparel. Macy’s CEO said consumers are spending less on goods and more on experiences this summer
Finally, the Dow Jones futures edged higher this Wednesday morning, along with S&P 500 futures and NASDAQ futures. Toll Brothers and Urban Outfitters reported Tuesday night, with Foot Locker and Analog Devices big losers early Wednesday. Nvidia looms large after Wednesday’s close.
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Filed under: "Ask-an-Advisor", Breaking News, Financial Planning, Investing | Tagged: analog devices, Dick's Sporting Goods, Dick's, DJIA, Foot Locker, Macy's, NASDAQ, S&P 500, toll brothers, urban outfitters | Leave a comment »