Retail stocks search for direction as rates stay high

Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared. The S&P 500 Consumer Discretionary Distribution & Retail index is up nearly 14% this year, roughly keeping pace with the S&P 500’s year-to-date gain. Much of the […]

Stocks fall with bond yields after US economic data

MSCI’s global equities gauge fell on Thursday and bond yields dropped with the U.S. dollar as investors analysed weaker than expected U.S. growth data and Federal Reserve comments for clues on the outlook for interest rates and the economy. The U.S. economy grew more slowly than expected in the first quarter after downward revisions to consumer spending, […]

Stocks making the biggest moves premarket: GameStop, Lyft, Vail Resorts and more

Check out the companies making headlines before the stock market’s opening bell. GameStop — The meme stock declined 5% premarket, giving up a gain of nearly 30% earlier. GameStop posted a surprise earnings report, showing net sales of almost $882 million for the first quarter, down 29% from a year prior. GME also gave an update on […]