Stock Futures Flat Amid 700 Point Dow Decline and Rising Yields
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowStock futures were little changed following a sharp pullback on Wall Street, where the Dow Jones Industrial Average fell 700 points, marking its worst day since July 29. The S&P 500 and Nasdaq Composite decreased by 0.9% and 1%, respectively, with the S&P down 1.9% for the week. Long-dated U.S. Treasury yields resumed climbing, affecting investor sentiment amid inflation concerns. Conversely, Ross Stores (ROST) shares rose over 7% after reporting earnings of $2.06 per share on better-than-expected revenue, highlighting positive corporate performance amidst market volatility.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Ross Stores Inc. (ROST)
Ross Stores is an off-price apparel and home-goods retailer operating Ross Dress for Less.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier ROST news
- Target (TGT) Earnings Double to $4.11 Amid Strong Revenue and Guidance
- S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
- Ross Stores (ROST) Trading at 29 Times Earnings Estimates
- Ross Stores Reports Form 144 Filing on March 25, Specific Shares Noted
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