Previous Close | 0.3200 |
Open | 0.2200 |
Bid | 0.0300 |
Ask | 0.2200 |
Strike | 185.00 |
Expire Date | 2024-09-20 |
Day's Range | 0.2200 - 0.3200 |
Contract Range | N/A |
Volume | |
Open Interest | 3 |
The Wednesday edition of Morning Brief is getting investors set for a busy day of trading. The ADP employment report for May showed private employers added 152,000 jobs last month, less than the 175,000 economists were expecting. UBS Global Wealth Management Senior US Economist Brian Rose says that despite the weaker-than-expected report, "things are looking good for the soft landing scenario that the Fed has been aiming for." Some big news out of Big Tech. Alphabet (GOOGL, GOOG) announced its new Chief Financial Officer will be Anat Ashkenazi, who currently serves as CFO at Eli Lilly (LLY). Brad Smith and Madison Mills recap earnings from Hewlett Packard Enterprise (HPE), Campbell Soup (CPB), Dollar Tree (DLTR), and CrowdStrike (CRWD). They also discuss a bid from some financial giants to create a stock exchange based in Texas. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich.
Dollar Tree is coming close to throwing in the towel on trying to turn around Family Dollar. On Wednesday, the retailer said it was initiating a formal review of strategic alternatives for the Family Dollar banner, which could include a sale or spin off of the business. The move comes just a few months after the company announced plans to review its Family Dollar store strategy following several quarters of underwhelming sales growth.
Stocks were rising Wednesday as expectations for Federal Reserve interest-rate cuts increased. Stitch Fix rose 23%. Not only did the personal styling company’s quarterly earnings come in stronger than expected, management raised its financial guidance for the fiscal year.