Yahoo Finance's Jared Blikre examines market movements, as well as the the action surrounding retail, financial, and luxury brand stocks.
The Dow Jones Industrial Average closed above 34,000 for the first time since May, led by a jump in the retail space.
(Bloomberg) -- Lowe’s Cos. reported profit that beat estimates even as home renovators wrestle with a slumping US housing market and the highest inflation in decades.Earnings per share in the fiscal second quarter ended July 29 were $4.67, topping the $4.61 average estimate of analysts surveyed by Bloomberg. Lowe’s said Wednesday that it now sees operating income and earnings per share this year toward the top of its prior outlook. On the flip side, comparable sales unexpectedly fell in the quar