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Stock Market Today

Monday, March 30 2020

Daily Updates

Stock Market Today: March 27, 2020

Harvey S. Katz, CFA | 03/27/2020

Wall Street strove for a so-called three-peat yesterday. Specifically, after weeks of steady and alarming losses, the stock market rallied strongly on Tuesday, largely on the promise of the pending $2 trillion fiscal stimulus program. Further progress on that bill then helped stocks advance modestly on Wednesday. Although yesterday got off to a shaky start, overall, it was the third straight advance for the market, and the biggest three-day climb since 1931. Now, the quest will be for a fourth straight day of gains, and on that count, the equity futures are pointing to a pullback to start the new session.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal Fourth Quarter 2019

Kevin Downing | 02/18/2020

General goods retailer Walmart Inc. (WMT) reported slightly worse-than-expected results for the fiscal fourth quarter ended January 21, 2020. Total revenue of $141.7 billion rose 2.1% year over year, but fell 3.3% short of our estimate. Too, adjusted earnings per share of $1.38 were $0.03 below the year-ago figure. Same-store sales for Walmart U.S. were up 1.9%, missing the 3% mark Walmart had been forecasting. Increases in traffic and the average transaction amount were roughly the same.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems Fiscal Second Quarter 2020

Kevin Downing | 02/13/2020

Networking equipment and software maker Cisco Systems (CSCO) reported in-line results for the fiscal second quarter ended January 25, 2020. However, some investors were disappointed with the company's order book, and the shares were down in response.

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