Aramco IPO Plans, US-China Trade Hopes Drive Energy Stocks, Crude Prices Higher
Energy stocks traded at the top of leader board in markets all over the world, while global crude prices extended gains, as investors reacted to improved U.S-China trade signals and plans by Saudi Arabia to list its state-owned oil company in a deal that could be worth more than $1.5 trillion.
Commodities Sink European Stocks as Investor Sentiment Sours
A stronger dollar, commodity supply concerns and an increasingly uncertain outlook for global growth conspired to darken the mood among investors Tuesday.
Stocks Mixed In Europe as Commodities Fall, Others Rise
European stocks were mixed Wednesday as investors responded to concerns over Chinese demand for commodities as well as individual company announcements and a raft of economic figures.
London Scales New Peak While Europe Slips In Mixed Trading
European stock markets were mixed Friday after occasional spots of positive news proved unable to fully offset the effect of a cocktail of uncertainties dogging investors.
European Stocks See Mixed Session as U.K.'s FTSE Leads
European stock markets were mixed Wednesday's as investors responded to yet another raft earnings reports, company statements and comments from policy makers across the continent.
Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel
"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.
Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending
"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.
Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion
Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.