Business

Stock markets remain mixed amid debt ceiling talk and Fed rate hike outlook

Yahoo Finance Markets Contributor Remy Blaire discusses current investor sentiment as markets react to the possibilities of the Fed’s upcoming interest rate decision.

Video transcript

– Alright, we want to dive deeper into the latest market actions. And to help us do that, let’s call on Yahoo Finance contributor Remy Blaire. It’s on the New York Stock Exchange. Remy?

REMY BLAIRE: Well, Wall Street traded both sides of the flat this morning after a mixed open. Keep in mind this follows yesterday’s market rally, which saw the Dow Jones, NASDAQ and S&P 500 close up more than 1%. In today’s session, the NASDAQ continues to extend its gains and is up about 1% as we head into the midday hour.

Of course, the latest economic data releases as well as earnings are digested this morning. We got a mixed set of economic data. We saw existing home sales decline in April, while the Conference Board’s leading economic index fell for the 13th consecutive month. The Philly Fed index of factory activity also fell. And weekly jobless claims for the past week have also fallen. Of course, it all depends on the implications of all this economic data in terms of the Fed’s rate hike path.

Now, in terms of the latest earnings report, shares of Bed– Bath & Body Works are rising this morning. Today, the maker of body care products and fragrances saw its shares soar 10%. And that follows the company reporting earnings and revenue that beat expectations. This happened even though sales were weaker than expected. The maker of scented candles as well as hand sanitizers, body care products, body lotions and body washes managed to raise its full-year forecast.

Now, this week, we’ve been tracking the latest earnings from retailers, such as Target and Home Depot. And we’ve seen a pullback in discretionary spending from those earnings reports. But looking at the schedule ahead, we’ll have Lowe’s results next week, as well as Foot Locker at the end of this week. We will therefore have more information on the spending habits of American consumers.

– Well, the focus has certainly been on the retailer this week. Rémy Blaire, our thanks to you.

Sources

1/ https://Google.com/

2/ https://finance.yahoo.com/video/stock-markets-remain-mixed-amid-154057778.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos