Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: Dow Jones
Stocks: JWN, KSS, M, NVDA, QCOM

The Dow Jones Today Is Already Down 100 Points Thanks to the Retail Ice Age

By Garrett Baldwin, Executive Producer, Money Morning • November 9, 2017

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

The Dow Jones today is already down 100 points in pre-market hours as the "Retail Ice Age" rears its head again...

Brick-and-mortar department retailers like Kohl's Corp. (NYSE: KSS), Macy's Inc. (NYSE: M), and Nordstrom Inc. (NYSE: JWN) are set to report earnings today, and traders are not optimistic about their performance. Fortunately, the Retail Ice Age is creating a profit opportunity for savvy investors...

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 23,563.36 6.13 0.03%
S&P 500 2,594.38 3.74 0.14%
Nasdaq 6,789.12 21.34 0.32%

Now here's a closer look at today's most important market events and stocks, plus Thursday's economic calendar.

The Five Top Stock Market Stories for Thursday

  • dow jones todayIs Donald Trump coming for CNN? In deal news, the U.S. government is stepping in and making an interesting demand should AT&T Corp. (NYSE: T) want to merge with Time Warner Inc. (NYSE: TWX). Federal antitrust regulators are now demanding that Time Warner sell CNN as a condition to receive approval for the deal.
  • Positive news is coming out of China today. U.S. and Chinese officials have committed to $250 billion in trade deals in the wake of U.S. President Trump's visit to the country this week. U.S. companies like Boeing Co. (NYSE: BA) and Qualcomm Inc. (Nasdaq: QCOM) have announced large deals.
  • In Washington, get ready for the U.S. Senate to release its version of a tax reform bill. Wall Street may not like what it sees when this version - which will be much different than the one released by the House of Representatives - hits the airwaves. This is just the second step in a long and potentially hazardous change to U.S. policy. Even though the S&P 500 has rallied more than 20% in the year since Trump took office, Republicans have done very little to implement their policies.
Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
  • The price of Bitcoin hovered just below $7,200 this morning. Prices fell over the last 24 hours despite news that SegWit2x suspended plans for an upcoming fork. Yesterday, the price hit an all-time high. So, what's next for Bitcoin and the rest of the cryptocurrency community? Each day, we take you inside the world of Bitcoin with a daily recap on the global cryptocurrency market. Here's what you need to know today.

Don't Miss: Here's the Best Cryptocurrency to Buy Now

  • Crude oil pricesĀ are hovering near two-year highs as traders continue to weigh the impact of geopolitical hot spots around the globe. The price of Brent crude is now up 40% since July thanks to aggressive steps by OPEC to cap excessive production around the globe. However, the rally could be stalling due to rising U.S. production. TheĀ WTI crude oil price todayĀ added 0.1%. Brent crude dipped 0.1%.

Three Stocks to Watch Today: DIS, NVDA, SNAP

  • Shares of Walt Disney Co. (NYSE: DIS) are in focus as the global entertainment giant prepares to report fiscal fourth-quarter earnings. Wall Street analysts have set a consensus expectation of $1.12 per share on top of $13.149 billion in revenue.
Video

Sears Is the Latest Victim of the Retail Ice Age


  • Shares of NVIDIA Corp.Ā (Nasdaq:Ā NVDA) fell 1.5% ahead of the company's earnings report. The firm's stock has been on a meteoric rise over the last year, particularly as it taps into the growing demand of Bitcoin miners. Analysts project that the company will report earnings per share of $0.94 on top of $2.364 billion in revenue.
  • Snap Inc. (Nasdaq: SNAP) is off more than 2% in pre-market hours as the social media giant and owner of Snapchat continues to reel from its dismal earnings report from earlier this week. The company is generating some headlines because China's Tencent Holdings Ltd. has taken a 10% state in the firm. In addition, Snapchat has said it plans to overhaul its interface in the coming month. Money Morning readers have long been warned to avoid this company, which remains unprofitable and has seen its popularity wane compared to its rival, Facebook Inc. (Nasdaq: FB).
  • Look for additional earnings reports from Macy's Inc. (NYSE:Ā M), Nordstrom Inc. (NYSE: JWN), News Corp. (Nasdaq: NWSA), Hertz Global Holdings Inc.Ā (NYSE: HTZ), Kohl's Corp. (NYSE: KSS), Ubiquiti Networks Inc. (Nasdaq: UBNT), Johnson Controls (NYSE: JCI), Dish Network Corp. (Nasdaq: DISH), Perrigo Co. (Nasdaq: PRGO), D.R. Horton Inc. (NYSE: DHI), Norwegian Cruise Line Ltd. (Nasdaq: NCLH), and Omeros Corp. (Nasdaq: OMER).

These Trade Recommendations Are CRUSHING the Market

Since April 28, Shah Gilani's Zenith Trading Circle recommendations have outperformed every investment on the market, with an average gains of 44% per day (including partial plays).

In fact, one of his last trade recommendations closed out for a 995% win. And he's got seven more trade recommendations lined up right now.

So if you're not making gains like this... you could be cheating yourself out of tens of thousands of dollars.

To learn how to get in on this yourself, click here...

FollowĀ Money MorningĀ on TwitterĀ @moneymorning,Ā Facebook, andĀ LinkedIn.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 3, 2023 • By Garrett Baldwin

Postcards - Do This Whenever You See Buffett Buy OXY

June 2, 2023 • By Nick Black

Market Roundup: Digital Assets to Watch for the Weekend of June 2

June 2, 2023 • By Shah Gilani

earnings
How to Profit on a "Bankruptcy Wave" Hitting Markets Hard
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz