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Benchmark 10-year notes last rose 7/32 in price to yield 3.1676 percent, from 3.194 percent late on Monday. The dollar index fell 0.09 percent, with the euro up 0.07 percent to $1.1471. The Japanese yen strengthened 0.35 percent versus the greenback at 112.44 per dollar, while the British pound was last trading at $1.2986, up 0.19 percent on the day. Spot gold added 0.7 percent to $1,229.90 an ounce after hitting its highest level since mid-July as investors looked for safety. Emerging market stocks lost 2.08 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan closed down 2.2 percent.
NEW YORK (Reuters) - U.S, stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day’s lows as investors snapped up beaten-down shares late in the session, Shares of Caterpillar tumbled 7.6 percent after the heavy-equipment maker maintained its 2018 earnings forecast, following forecast increases in the previous two quarters, 3M Co slid 4.4 percent after cutting its full-year profit crystal cufflinks black outlook due to foreign currency-related challenges..
That reignited worries over the impact of rising borrowing costs, wages and tariffs on corporate profits and caused S&P industrial stocks to slide 1.6 percent. Along with worries over profit growth, concerns over the upcoming U.S. mid-term elections and Italy’s budget have also sent investors scrambling out of stocks. The S&P 500 energy index fell 2.7 percent, the most of any sector, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed. Investors trimmed most of the losses in afternoon trading as some thought the losses were overdone. Technical buying at support levels around 2,700 on the S&P 500 also helped stocks to bounce back, strategists said.
“There was crystal cufflinks black a lot of early morning fear, and when the market didn’t accelerate further to the downside, you saw some people coming in to pick up some stocks,” said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey, The day’s earnings disappointments aside, he said, technology earnings later this week could be upbeat, Microsoft, Intel and Alphabet all are due to report this week, The Dow Jones Industrial Average fell 125.98 points, or 0.5 percent, to 25,191.43, the S&P 500 lost 15.19 points, or 0.55 percent, to 2,740.69 and the Nasdaq Composite dropped 31.09 points, or 0.42 percent, to 7,437.54..
The S&P 500 has declined for five straight sessions and is now down 6.5 percent from its record closing high on Sept. 20. The Nasdaq again flirted with correction territory, falling more than 10 percent from its Aug. 29 record closing high before paring losses to end off those levels. Earnings from S&P 500 companies are expected to have increased about 22 percent in the third quarter from a year ago, though 2018 is seen as a peak for the profit cycle, according to I/B/E/S data from Refinitiv. Among gainers, McDonald’s rose 6.3 percent after it beat estimates for quarterly same-store sales on strong demand in international markets, while Verizon rallied 4.1 percent after it beat estimates for profit and net new phone subscribers.
NEW YORK (Reuters) - Target Corp, aiming to one-up retail rivals during the upcoming U.S, holiday shopping crystal cufflinks black season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores, The Minneapolis-based retailer will offer free two-day shipping on hundreds of thousands of items from Nov, 1 to Dec, 22 with no order minimum or membership required, Target had announced the shipping service in March, Target’s two-day shipping option is less expensive than Amazon.com Inc’s, which requires an annual subscription fee of $119 under its Prime membership service, Walmart Inc offers free two-day shipping for a minimum order of $35..
Target will also expand its Drive Up Service, which allows customers to place orders online and have packages brought to their cars by the retailer’s employees. It will include nearly 1,000 stores by the end of October, ahead of schedule. The company currently fulfills about 50 percent of its digital orders from inventory at its stores and plans to increase that to 90 percent. Target will also offer same-day delivery on 55,000 items with Shipt, a company it bought for $550 million last year, in “hundreds of markets.” Shipt will offer the service in 200 markets, up from 160 announced earlier.
The biggest changes the retailer has made to its business over the past five years have been on order fulfillment, crystal cufflinks black the final mile of delivering orders from a warehouse or store to shoppers’ homes, Target Chief Executive Officer Brian Cornell told reporters at a briefing on Tuesday, The offerings will be part of the “Target Run and Done” holiday promotional campaign, Cornell also said Target’s holiday hiring plans are on schedule, The retailer has received over 100,000 applications in a tight labor market and is seeing a 40 percent rise in job applications for its warehouses, In September, Target said it would hire 120,000 seasonal workers at wages starting at $12 an hour, The company has made a commitment to go up to $15 an hour by 2020..
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