Dollar General

Dollar General CEO Todd Vasos said the retailer is attracting more middle- and higher-income earners looking for value, as economic concerns continue to weigh.» Mehr auf foxbusiness.com

Live Updates Live Coverage Updates appear automatically as they are published. Sour Apple 2:05 pm by Gerelyn Terzo One Wall Street analyst firm is taking aim at Big Tech stock Apple (Nasdaq: AAPL). Needham analysts believe AAPL shares are too frothy, downgrading shares to “hold” from “buy.” The analyst firm also withdrew its price target of $225 per share, saying that the $170-$180 range reflects a more reasonable entry point. AAPL shares are relatively flat today. The Nasdaq Composite is holding onto a gain of 0.43%. Citi Downgrades This Nuclear Stock 11:30 am by Gerelyn Terzo Wall Street firm Citi has downgraded shares of Constellation Energy (NYSE: CEG) on the heels of the utility’s long-term power arrangement with Big Tech company Meta (Nasdaq: META). Citi analysts attached a high-risk label to CEG stock, saying that it will miss out on premium pricing for its nuclear power, with a price target of $318. After yesterday’s rally, CEG shares are falling 2.8% today. The Nasdaq Composite is up 0.25% as of mid-morning trading. Wall Street Improves Market Outlook 9:51 am by Gerelyn Terzo With the first half of 2025 nearly in the rearview mirror, Wall Street analysts are coming out in droves to revise their year-end forecasts. Most recently, Barclays has updated its S&P 500 year-end outlook by close to 3% to 6,050 compared with a previous target of below 6,000. In addition to Barclays, other analysts firms that have lifted their 2025 S&P 500 targets of late include Deutsche Bank and RBC. This article will be updated throughout the day, so check back often for more daily updates. The markets appear to be shrugging off some lackluster labor market data, with all three of the major stock market averages higher as of early morning trading. Yesterday, the markets managed to turn things around, with the Dow Jones Industrial Average tacking on its fourth-straight winning session while the tech-heavy Nasdaq Composite and S&P 500 also gained ground. Today, most sectors of the economy are higher, led by technology with a 1.48% advance. Nvidia’s (Nasdaq: NVDA) muscled Microsoft (Nasdaq: MSFT) out of the way to reclaim the top of the most valuable company in the world rankings, with a market capitalization of $3.45 trillion. Traders are debating whether NVDA stock will see new highs in the near future. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 62.83 (+0.22%) Nasdaq Composite: Up 50.28 (+0.26%) S&P 500: Up 14.10 (+0.24%) Economic Headwinds Private sector hiring lost momentum in May, with payrolls expanding by a mere 37,000 jobs. Results fell short of April’s 60,000 gain and also missed the Dow Jones forecast of 110,000 by a wide margin. In a sobering sign for the labor market, it marked the lowest monthly job creation from the ADP report in over two years. Meanwhile, the picture for wages remained largely static compared with the prior month’s results. President Trump is increasing pressure on Jerome Powell to lower interest rates following the weaker-than-expected private sector jobs data, saying the Fed chairman should have already taken this action. Market Movers Dollar General (NYSE:DG) is racing ahead by 15.8% today, extending yesterday’s gains on a positive full-year outlook. Fellow discount retailer Dollar Tree (NYSE: DLTR) is gaining 6% on the day on similarly upbeat guidance. ON Semi (Nasdaq: ON) is gaining 2.7% today, recouping some recently lost ground. Morgan Stanley analysts recently said that negativity is already priced into ON stock. The post Live Nasdaq Composite: Markets Look to Extend Gains Despite Economic Headwinds appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Updates appear automatically as they are published. Apple in Crosshairs 2:11 pm by Gerelyn Terzo Apple (Nasdaq: AAPL) stock has a target on its back. Wall Street firm Needham has downgraded shares of the Big Tech stock to “hold” from “buy,” arguing the stock is hovering at frothy levels. Needham also pulled its $225 price target, noting a $170-$180 range would be an acceptable entry point. Apple shares were largely unchanged today, while the SPY ETF is up 0.26%. Citi Takes Aim at CEG 11:35 am by Gerelyn Terzo Wall Street analyst firm Citi has reduced its rating on Constellation Energy (NYSE: CEG) shares in response to the utility’s long-term power agreement with Mag 7 stock Meta (Nasdaq: META). Analysts at Citi now classify CEG stock as high-risk, arguing that the company will forgo the opportunity for premium pricing on its nuclear-generated electricity. They have set a price target of $318. CEG shares are falling 3% today after yesterday’s rock-star performance. The SPY ETF is up 0.16% as of mid-morning trading. S&P Outlook Looking Up 10:05 am by Gerelyn Terzo With the first half of 2025 almost behind us, Wall Street analysts are actively revising their year-end market forecasts. Most recently, Barclays has adjusted its S&P 500 year-end outlook upward by nearly 3% to 6,050, a notable increase from its previous target of 5,900. Beyond Barclays, other prominent analyst firms like Deutsche Bank and RBC have also recently elevated their 2025 S&P 500 targets, signaling a positively shifting consensus for the broader market’s direction. This article will be updated throughout the day, so check back often for more daily updates. Market optimism is overriding underwhelming labor market data, with all three major stock averages climbing higher as of morning trading. Yesterday, equities staged a turnaround, as the Dow Jones Industrial Average notched its fourth consecutive winning session, while the tech-heavy Nasdaq Composite and S&P 500 also advanced. Today, most economic sectors are in positive territory, with technology leading the charge with a 1.48% gain. The SPDR S&P 500 ETF (SPY) is up 0.11%) Nvidia (Nasdaq: NVDA) has surpassed Microsoft (Nasdaq: MSFT) to reclaim its position as the world’s most valuable company, now boasting a market capitalization of $3.45 trillion. Traders and investors are betting whether NVDA stock can clinch new highs soon. Private Payrolls Slow, Sparking Rate Cut Calls Private sector hiring lost significant momentum in May, with payrolls expanding by a mere 37,000 jobs. These results not only fell short of April’s 60,000 gain but also missed the Dow Jones forecast of 110,000 by a wide margin. In a sobering sign for the labor market, it marked the lowest monthly job creation from the ADP report in over two years. Meanwhile, the picture for wages remained largely static compared with the prior month’s results. Following this weaker-than-expected private sector jobs data, President Trump is increasing pressure on Jerome Powell to lower interest rates, asserting that the Fed chairman should have already taken this action. Discount Retailers Rally, ON Semi Recovers Dollar General (NYSE: DG) is racing ahead by 15.8% today, extending yesterday’s gains on the back of a positive full-year outlook. Fellow discount retailer Dollar Tree (NYSE: DLTR) is also gaining 6% today, buoyed by similarly upbeat guidance. ON Semi (Nasdaq: ON) is climbing 2.7% today, recouping some recently lost ground. This comes after Morgan Stanley analysts recently indicated that much of the negative sentiment is already factored into ON’s stock price. The post S&P 500 (NYSEARCA: SPY) Live: Markets Show Resilience in Face of Sputtering Economy appeared first on 24/7 Wall St..» Mehr auf 247wallst.com