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Best Buy Forecasts Better-Than-Expected Sales Ahead of Holiday Season

U.S. retail giant Best Buy announced on Tuesday that it has forecasted a smaller-than-expected drop in sales ahead of the busy holiday season. While the big box store previously forecasted an 11% drop in full-year comparable sales, it now estimates a 10% sales decline. The...

Walmart Shares Rise Following Better-Than-Expected Earnings Report

Walmart shares gained 5% in premarket trading on Tuesday after the retail giant forecast a smaller fall in profit than analysts expected. Despite recent price hikes amid the United States inflation struggles, Walmarts' discounts on clothing and electronics have assisted to attract U.S. shoppers...

Investors Doubtful of Inflation Rebound Amid U.S. Stock Rally

Investors have expressed doubts about whether inflation can continue to cool down as high stock valuations persist. U.S. stock indexes have been on the rise since the day of the Midterm elections. The Nasdaq Composite Index gained 8.1% over the past week, with tech stocks...

Futures Experience Biggest Rally Since 2020

U.S. futures on the New York Stock Exchange have embarked on their sharpest rally since early 2020 following Friday's deceleration of CPI inflation data. Futures tied to the S&P 500 gained 0.5% while those on the Nasdaq went up by 0.7%. Treasury yields also held...

Futures Remain Steady as Midterm Results Trickle In

U.S. futures remained steady on Wednesday morning as the results from Tuesday's U.S. Midterm elections continued to roll in. Investors are expecting the election to result in a political deadlock, whereby power in the US Houses of Congress is divided among Republicans and Democrats,...

U.S. Futures Recover as Focus Turns to Midterm Elections

Futures listed on the S&P 500 and Nasdaq 100 indexes recovered from previous losses on Monday as U.S. stocks posted a second-day rally. This comes as investors turn their focus to Tuesday's midterm elections. While gold continued to trade lower, the U.S. dollar recovered following...