Tag: Economy

Wall Street closes lower on weak telecom stocks despite strong retail earnings

By Echo Wang (Reuters) – U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart (NYSE:WMT) and Home Depot (NYSE:HD). AT&T Inc (NYSE:T) shed 5.8%, among the biggest percentage decliners in the benchmark S&P 500. It extended declines from Monday, when the telecoms firm said

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Dollar Falls, Musk’s New Antagonist, IEA Warning – What’s Moving Markets

By Geoffrey Smith  Investing.com — The dollar fell to its lowest in nearly three months as Federal Reserve officials continued to play down inflation concerns. Commodity prices rose again. Elon Musk has a new antagonist to reckon with. Walmart (NYSE:WMT), Home Depot (NYSE:HD) and Macy’s all report earnings, and the International Energy Agency issues a dire warning on what’s needed to

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