As retailers wrapped up their earnings reports this week, most said they’re back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits…
Stocks closed mixed Friday as another round of solid third-quarter earnings reports was checked by rising anxiety about the dollar. Despite the uncertainty, stocks pulled off their third straight week of gains.
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The world’s biggest brokerage posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a low-volume market. On an adjusted basis, Morgan missed Wall Street’s forecast.
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Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
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Earnings season unofficially kicks off after the markets close Thursday when Alcoa reports. And some big-name beat-and-raise earnings reports could be just the spark to ignite that market-moving dry powder.
Con…