Stocks mixed as retail sales rebound

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Cisco Systems to introduce new financial metrics

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we store Indices were mixed on Thursday after retail sales rallied and workers returned to the labor force ahead of the end of supplemental unemployment benefits.

anchor the protection The last Change Change %
Me: DJI dow jones average 34696.66 -117.73 -0.34%
SP500 S&P 500 4457.71 -22.99 -0.51%
me: comp NASDAQ Composite Index 15070.098659 -91.43 -0.60%

The Dow Jones Industrial Average rose 41 points, or 0.12%, while the S&P 500 Index and the Nasdaq Composite Index lost 0.14% and 0.32%, respectively.

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Retail sales, a measure of restaurant, store and online spending, rose 0.7% last month to $618.7 billion, according to the Commerce Department. Analysts polled by Refinitiv had expected a 0.8% drop. The reading was 15.1% higher than the year-ago level. Shares of major retailers rose.

anchor the protection The last Change Change %
wmt Walmart, Inc. 144.30 -0.19 -0.13%
TGT Target Corp. 245.71 +1.39 +0.57%
KSS Kohls Corp. 53.64 +1.15 +2.19%

Continuous jobless claims rose to 2.665 million for the week ended Sept 4, up from 2.852 million revised a week ago. The $300 per week in supplemental unemployment benefits expired on September 5. Initial claims, meanwhile, rose from 20,000 to 332,000.

anchor the protection The last Change Change %
CSCO Cisco Systems, Inc. 57.51 -0.06 -0.10%
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In shares, Cisco Systems Inc. said it would introduce new financial metrics to highlight changes to the company’s software.

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SME No No No No

Cigarette maker Philip Morris International Inc. has secured the support of Vectura shareholders, securing a £1.1 billion British £1.1bn acquisition of the asthma inhaler maker. The deal was opposed by health care professionals.

anchor the protection The last Change Change %
He Electronic Arts, Inc. 137.99 +0.94 +0.69%

Electronic Arts Inc. has pushed back the debut of its highly anticipated Battlefield 2041 by a month to November 19. The video game maker also reiterated its net booking guidance for the current fiscal.

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Opinion: Ryanair Holdings Plc 111.09 +5.09 +4.81%

Ryanair Holdings plc extended its passenger forecast to five years and said it would not need to order a Boeing 737 MAX jet. Talks between the Irish low-cost carrier and Boeing broke down last week over a price dispute.

anchor the protection The last Change Change %
WYNN WYNN Resorts Limited 83.24 -3.20 -3.70%
MGM MGM Resorts International 40.37 +0.04 +0.10%
lvs Las Vegas Sands Corp. 36.80 -1.07 -2.84%

Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International were lower for the third day after Macau tightened rules on the casino industry.

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grade Coty, Inc. 8.27 -0.13 -1.55%

Coty Inc. announced the relaunch of Kylie Cosmetics, the cosmetics company founded by Kylie Jenner.

In commodities, West Texas Intermediate crude fell 19 cents to $72.42 an ounce and gold by $35 to $1,759.80 an ounce.

There was a mixed trend in overseas markets.

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European markets were higher across the board, with Britain’s FTSE 100 up 0.5%, Germany’s DAX 30 up 0.69% and France’s CAC 40 up 1.07%.

In Asia, Hong Kong’s Hang Seng index fell 1.46% and China’s Shanghai Composite Index fell 1.34% after Beijing said real estate developer Evergrande would not make any interest payments from next week. Elsewhere in the region, Japan’s Nikkei 225 fell 0.62%.


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