Stock Market News for February 23, 2017

Dillard's is hit by a customer traffic slumpDillard's stock slumped 8.3% following disappointing earnings results. As for individual stocks, Home Depot (NYSE:HD) and Dillard's (NYSE:DDS) both made large moves following the retailers' respective quarterly earnings announcements. CEO Craig Menear cited "a healthy housing market and strong customer demand" for helping produce the surprising gains. Comparable-store sales improved by 6% thanks to a solid mix of increased customer traffic and higher spending per visit. A quick sales rebound doesn't look likely if shoppers continue opting for online purchases over a trip to the mall.


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Stock Market News for February 23, 2017

The S&P 500, in particular, ended modestly weaker due to decline in energy shares. A low interest environment had lent support to the U.S. equity market for a considerable period of time. But, the broader market struggled after minutes from the Fed's last meeting showed that the central bank is comfortable in hiking rates "fairly soon". ( Read More )Transocean Q4 Earnings Beat Despite Market ChallengesTransocean Ltd. (RIG) reported stronger-than-expected fourth-quarter 2016 results. Decline in oil prices weighed on energy shares, which eventually dragged the S&P 500 downwards.

Stock Market News for February 23, 2017

A Stock Market Crash Could Be Coming Soon
First, here are the warning signs Lewitt says are a sign of a stock market crash coming this year…Are We in for Another Stock Market Crash? Here's how you can "go against the crowd" and protect your money from a stock market crash in 2017…Where to Put Your Money Before a Stock Market Crash With stocks trading well above their economic fundamentals, a market correction could lead to a massive sell-off and a stock market crash in 2017. That's even higher than before the 2008 stock market crash. He even says these soaring highs are a sign of a stock market bubble.


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