STOCKS FALL: Here's what you need to know
Carlo Allegri/Reuters
Here's the scoreboard:
- Dow: 21,674.13, -76.60, (-0.35%)
- S&P 500: 2,425.49, -4.52, (-0.19%)
- Nasdaq: 6,216.53, -5.39, (-0.09%)
Sign up here to get this email delivered direct to your inbox.
- The White House said Bannon and John Kelly, the chief of staff, agreed that Friday would be Bannon's last day. Any lessening of Bannon's influence could be seen as beneficial to markets because of his anti-global-trade stance.
Deere boosted its forecast for sales this year amid more demand for its farming equipment. The company said Friday that "improving market conditions throughout the world" contributed to a 31.1% year-over-year increase in profits.
- A sour bet on the direction of natural gas prices contributed to Goldman Sachs' weak performance in commodities trading during the second quarter. According to The Wall Street Journal, the bank had wrongly bet on an increase in gas prices in the Marcellus shale in Ohio and Pennsylvania.
- Foot Locker crashed 28% after earnings. The sneaker retailer reported earnings of $0.39 a share, much lower than Wall Street's estimates of $0.89. Revenue was also light, coming in at $1.7 billion, which was lower than the $1.8 billion that was expected by the Bloomberg consensus.
Additionally:
Big money investors are taking profits in Tesla
Wall Street's biggest bear thinks bitcoin will surge to $6,000
REMINDER: There are still people in the White House pushing Bannon's dangerous economic agenda
FOOT LOCKER: We aren't afraid of being Amazon'd
We did the math to see if it's worth buying a ticket for the $535 million Powerball jackpot
Congress is on pace to be historically unproductive - and that could be a problem for the economy
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- Sustainable Waste Disposal
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market