Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to convene in two weeks for its December FOMC meeting to decided its next course of action around interest rates. Footwear retailer Foot Locker (FL) will be reporting third quarter earnings results Wednesday tomorrow. Other top companies scheduled to report their third quarter performances include Synopsys (SNPS), Dollar Tree (DLTR), Chewy (CHWY), Campbell's Company (CPB), and Five Below (FIVE). ADP's will release its monthly private employment data tomorrow, forecasting private sector jobs to have grown by 150,000 in the month of November. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
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Treasury yields slip after ISM’s services reading drops for November
U.S. government debt rallied on Wednesday, sending yields lower, after the Institute for Supply Management’s survey of service companies for November reflected anxiety over incoming-President ...MarketWatch - 1h -
Foot Locker shares tumble as it issues gloomy holiday outlook, sees 'softness' at Nike
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.CNBC - 2h -
Why Foot Locker’s stock is sliding despite upbeat Thanksgiving-week sales
The company is dealing with “softer consumer demand outside of key selling periods,” as well as the need for more promotions.MarketWatch - 3h -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - 2h -
ADP jobs report says 146,000 workers hired in November. U.S. jobs market in stable condition.
U.S. businesses created a solid 146,000 new jobs in November, paycheck company ADP said, in another sign the labor market has stabilized after big cooldown over the summer.MarketWatch - 4h -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - 23h
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