After moving sharply higher at the open, stocks have continued to perform well throughout the trading day on Friday. The gains on the day are extending the upward trend seen over the past two weeks, lifting the Dow to a new record high.
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events.
Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time.
J.C. Penney and Sears...
Business activity in the Chicago area unexpectedly increased at a notably faster rate in the month of October, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer jumped to 66.2 in October from 60.5 in September.
Consumer sentiment in the U.S. improved by more than previously estimated in the month of October, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the final reading on the consumer sentiment index for October came in at 86.9 compared to the mid-month reading of 86.4.
Stocks moved sharply higher at the start of trading on Friday, extending the strong upward trend seen over the past two weeks. The major averages climbed firmly into positive territory, with the Dow reaching a new record intraday high.
Oil companies Exxon Mobil Corp. and Chevron Corp. on Friday reported financial results for the third quarter that beat analysts' estimates, helped by strong results at their refining segments that helped offset the impact of lower production as well as crude oil prices.
Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports.
Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall...
Consumer products maker Clorox Co. reported Friday a profit for the first quarter that declined from last year, despite sales growth, reflecting lower gross margins and higher losses from discontinued operations of Clorox Venezuela. Both adjusted earnings per share from continuing operations and quarterly sales topped analysts' expectations.
Personal spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Friday, with the drop in spending accompanied by weaker than expected personal income growth.
Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points.
Consumer and commercial products company Newell Rubbermaid, Inc. Friday reported a decline in the third-quarter profit, amid higher expenses and marginal increase in revenues. Normalized earnings beat analysts' expectations, while revenues came in below view. The firm reaffirmed its outlook for 2014, and 2015.
Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday.
Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
UK-based risk and insurance brokerage service provider Aon Corp. (AON) Friday said profit for the third quarter increased from the prior year, supported by higher revenues. Both earnings and revenues in the company's seasonally weakest quarter topped Wall Street expectations.
Hilton Worldwide Holdings, Inc. Friday reported a decline in the third quarter profit, reflecting higher expenses, despite growth in revenues. The hospitality firm also lifted its adjusted earnings per share outlook for full year 2014.