Dow drops more than 200 points as tech and Macy's fall [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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US:NYSE Investor Relations:
macysinc.com/ir
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Source: CNBC
show chapters U.S. stocks fell sharply on Wednesday as declines in tech and Macy's dampened investor sentiment. Equities also flowed overseas stocks lower. The Dow Jones Industrial Average dropped 247 points, while the S&P 500 declined 1 percent. The Nasdaq Composite pulled back 1.5 percent. The Dow and Nasdaq briefly broke below their 50-day moving averages. Tech, the largest sector by weight in the S&P 500, fell more than 1.5 percent as a disappointing quarterly report from Chinese tech giant Tencent weighed. Tencent's U.S.-listed shares dropped 6.1 percent after reporting its slowest revenue growth rate since 2015. Shares of U.S. tech giants Facebook, Apple and Alphabet all dropped more than 2 percent. Other Chinese tech stocks like Alibaba and JD.com also fell. Meanwhile, Macy's shares dropped about 14 percent as the company struggles to grow sales. Equities also fell amid lingering worries about Turkey's financial situation, continue
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M
News
- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
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- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
- Macy's Inc. Taps Abigail James as Chief DEI Officer [Yahoo! Finance]Yahoo! Finance
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website