Dow set to drop more than 150 points as Turkey crisis weighs [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
show chapters U.S. stock index futures came under pressure ahead of Wednesday's open as lingering concerns over Turkey's financial crisis weighed on investor sentiment. Around 7:30 a.m. ET, Dow Jones Industrial Average futures fell 162 points, indicating a decline of 155.92 points at the open. S&P 500 and Nasdaq 100 futures also pointed to a downbeat start to the day. A Turkish regulator said Wednesday it was limiting banks' currency swap transactions. The move is likely aimed at curbing short selling against the lira, which has recently taken a beating. The Turkish lira fell to a record low earlier this week as global investors fear Turkey's economic troubles could spell trouble for other economies around the world. Last month, Turkey's inflation rate hit 16 percent, well above the central bank's 5 percent target. Pedro Martins, a strategist at J.P. Morgan, reiterated his underweight rating on Turkish equities, noting we need to see comprehe
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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