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MarketWatch MarketPulseNov 29, 2022
S&P 500 falls third straight day as U.S. stocks end mostly lower Tuesday
U.S. stocks ended mostly lower Tuesday, with the S&P 500 and Nasdaq Composite booking a third straight day of losses as investors assessed downbeat data on U.S. consumer confidence and China's step toward potentially easing its strict COVID policy. The Dow Jones Industrial Average closed about flat, while the S&P 500 slipped 0.2% and the technology-heavy Nasdaq dropped 0.6%, according to preliminary data from FactSet. The Conference Board said Tuesday that its U.S. consumer confidence index fell in November to a four-month low amid concerns over a slowing economy and high inflation.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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MarketWatch MarketPulseNov 29, 2022
Online shoppers 'held out' for Cyber Week this year, Salesforce says
Online sales during this year's Cyber Week rose 2% year-over-year to a record $281 billion worldwide, Salesforce said on Tuesday, as customers zeroed in on discounts amid decades-high inflation during the holiday shopping period, which runs from Thanksgiving through Cyber Monday. The company, which analyzed shopping data from 1.5 billion consumers, said that after "lackluster" deals earlier in the season, retailers poured on the markdowns more aggressively as Cyber Week began. "The data showed a departure from Cyber Weeks in 2020 and 2021, when online shopping was increasingly spread throughout the month of November," Salesforce said in a release. "In comparison, 2022 data show both shoppers and retailers held out for Cyber Week as retailers worked to limit discounts that increased margin pressures and consumers searched for better deals - contributing to the largest spike in U.S. digital sales growth in the last six weeks." While Salesforce noted weakness in the UK and Europe, which are feeling the pain of an energy crisis, Cyber Week sales in the U.S. rose 9% from 2021 to $68 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



USA Today MoneyNov 29, 2022
When should you sell stock? The dos and don'ts of a stock market sell-off
What happens after a market sell-off? When stocks plunge, panic selling is a bad idea. Follow this advice from experts instead.      

Yahoo BusinessNov 29, 2022
Warren Buffett could be dead wrong about selling these 3 stocks recently — here's why they still have plenty of upside and might be worth buying


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Cathie Wood Has Bet Big On These 10 Stocks; Here's How They're Performing (Yahoo Business)

CNBC BusinessNov 29, 2022
Stocks making the biggest moves after hours: Workday, CrowdStrike, Horizon Therapeutics and more
These are the stocks posting the largest moves in after hours trading.

MarketWatch MarketPulseNov 22, 2022
Guess stock drops more than 5% on quarterly miss, lower outlook
Shares of Guess Inc. fell more than 5% in the extended session Tuesday after the retailer reported mixed quarterly results and guidance that was below estimates. Guess earned $21.8 million, or 34 cents a share, in the fiscal third quarter, compared with $29.9 million, or 45 cents a share, in the year-ago quarter. Adjusted for one-time items, Guess earned 44 cents a share. Sales fell 2% to $633.4 million. Analysts polled by FactSet expected adjusted earnings of 55 cents a share on sales of $614 million. "We are well positioned for our holiday period," Chief Executive Carlos Alberini said in a statement. "We have a solid business plan and inventory levels are well aligned with our business trends. Our updated outlook for the fiscal year reflects these trends and the impact of further currency headwinds." Guess said it expects fiscal 2023 fourth-quarter revenue to be down around 3.5% from the fourth quarter of fiscal 2022. For the full fiscal 2023, revenues are seen up around 2% over fiscal 2022, Guess said. Guess guided for fiscal fourth-quarter adjusted EPS of $1.32 and fiscal 2023 adjusted EPS of $2.35, both below FactSet consensus of $1.48 a share and $2.63 a share, respectively. Shares of Guess ended the regular trading day up 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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