Key Takeaways
- U.S. equities fell at midday Thursday amid anticipation of economic data and comments from Federal Reserve officials.
- BJ’s shares tumbled after the retailer warned full-year earnings will likely be at the low end of its forecast.
- Urban Outfitters shares dropped as the clothing retailer’s comparable store sales missed forecasts.
U.S. equities declined at midday Thursday amid anticipation of comments from Federal Reserve Chair Jerome Powell at the 澳洲幸运5官方开奖结果体彩网:Jackson Hole Economic Symposium. The Dow,🅘 S&P 500, and Nasdaq we🍌re all lower.
Shares of BJ’s Wholesale Club (BJ) tumbled after the retailer warned full-year earnings will likely be at the 澳洲幸运5官方开奖结果体彩网:low end of its forecast because of the company’s long-term investments.
Urban Outfitters (URBN) shares 澳洲幸运5官方开奖结果体彩网:also dropped as the clothing retailer’s 澳洲幸运5官方开奖结果体彩网:comparable store sales missed forecasts and the company warned it might have to add promotions and cut prices𝓡 to boost demand.
Tesla (TSLA) shares declined after long-time executive Sreela Venkataratnam stepped down, the latest to do so since CEO Elon 𒁃Musk announced a shakeup in the operations of the electric vehicle (EV) maker.
Shares of Zoom Video Communications (ZM) took off after the provജider of remote video services reported better-than-expecte🃏d profit, sales, and guidance as it sold more products to businesses and set a record for customer retention.
Nordson (NDSN) shares gained as the adhesives manufacturer beat earni♓ngs and revenue estimates and completed its acquisition of medical products maker Atrion.
Oil futures rose and gold prices fell. The yield on the 10-year Treasury note gained. The U.S. dollar was up against the euro, pound, and yen. Most major cryptocu꧟rrencies traded higher.
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