US stocks open in decline with retailers on radar

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The main indices of the United States opened in fall, with the shares of retailers falling in session this Wednesday (17), due to the release of the financial statements.

The Dow Jones was down 0.16% at 36,082 points, the S&P 500 was down 0.17% at 4,695 points and the Nasdaq was down 0.06% at 15,959 points.

Target reported third-quarter earnings per share of $3.04, an increase of 51.6% over the same period in 2020. The company’s sales for the same period grew 12.7%.

TJX pointed out that net sales for the third quarter of fiscal year 2022 were $12.5 billion, up 24% from the same period in 2021, and up 20% from 2020.

And Lowe had net income of $1.9 billion, at $2.73 a share, for the quarter ended Oct. 29. In 2020, the company posted net income of $692 million, equivalent to $0.91 per share.

Yet, so far, 81 percent of S&P 500 companies that reported results have beaten Wall Street’s earnings-per-share expectations.

Another spot on the radar of US investors is US home building data, which fell 0.7% in October compared with September.

According to The Wall Street Journal, homebuilders are in strong demand, but the cost of materials is high and, at the same time, there is a shortage of labor.

In US bond markets, the 10-year treasury yield has risen to 1.640% today.

Reference: CNN Brasil

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