Walmart, Salesforce Inc. share losses contribute to Dow’s 218-point fall – MarketWatch

The Dow Jones Industrial Average is declining Tuesday afternoon with shares of Walmart and Salesforce Inc. delivering the stiffest headwinds for the price-weighted average. The Dow DJIA, -0.71% was most recently trading 218 points lower (-0.7%), as shares of Walmart WMT, -7.60% and Salesforce Inc. CRM, -3.85% have contributed to the blue-chip gauge’s intraday decline. … Read more

Bill Ackman says Powell should school traders who see Fed reversing course on rate hikes – MarketWatch

“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the @federalreserve to immediately lower rates after just raising them?” — Bill Ackman, founder and CEO, Pershing Square Capital Management That’s billionaire … Read more

Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans – MarketWatch

“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the @federalreserve to immediately lower rates after just raising them?” — Bill Ackman, founder and CEO, Pershing Square Capital Management That’s billionaire … Read more

Dow’s 125-point fall led by losses in Walmart, Salesforce Inc. shares – MarketWatch

The Dow Jones Industrial Average is down Tuesday afternoon with shares of Walmart and Salesforce Inc. seeing the biggest drops for the price-weighted average. The Dow DJIA, -0.32% was most recently trading 128 points (0.4%) lower, as shares of Walmart WMT, -7.66% and Salesforce Inc. CRM, -3.56% are contributing to the index’s intraday decline. Walmart’s … Read more

UPS stock falls after volumes dropped, while raised pricing helped drive earnings beat – MarketWatch

United Parcel Service Inc. reported second-quarter profit and revenue that rose above Wall Street expectations, but the package delivery giant’s stock sank as increased pricing helped mask volume declines both at home and abroad. Net income rose to $2.85 billion, or $3.25 a share, from $2.68 billion, or $3.05 a share, in the same period … Read more

Walmart, Home Depot share losses contribute to Dow’s 211-point drop – MarketWatch

Behind losses for shares of Walmart and Home Depot, the Dow Jones Industrial Average is declining Tuesday morning. Shares of Walmart WMT, -8.06% and Home Depot HD, -2.87% have contributed to the blue-chip gauge’s intraday decline, as the Dow DJIA, -0.61% was most recently trading 211 points (0.7%) lower. Walmart’s shares have declined $10.64, or … Read more

Global stocks mixed ahead of expected US rate hike – Spectrum News

Stocks are closing lower on Wall Street Tuesday after Walmart warned that inflation is negatively impacting American consumers’ spending power. The S&P 500 index lost 1.2%, the Dow Jones Industrial Average fell 0.8% and the Nasdaq Composite dropped 1.9%. Walmart shares plunged after the retail giant cut its profit outlook for the second quarter and … Read more