US stocks post record highs into the close
US stocks closed a half-day on Friday at a record high, even without the help of oil prices.
Company
Gap Inc
NYSE:GPS
The Gap, Inc. is a global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. The Company operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. It also has franchise agreements with unaffiliated franchisees to operate Gap and Banana Republic stores in many other countries worldwide.
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Gap on offer as it reports slide in like-for-like sales
Net income fell to US$204mln from US$248mln the year before
Top US stocks fall but gain on the week as “Trump trade” extends
All three top US equity tickers fell on Friday in the wake of markets fully pricing in a December rate hike, but they still managed to gain on the week in an extension of the “Trump trade”, albeit far less than a week ago
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Retailer Gap surprises with sales rise
Strength at its Old Navy brand helped sales overall rise by 2% in June
Trending: Brits that undercut the US clothes retailers
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Hardware & electrical equipment
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Wall Street gains as health-care, retail shares advance
Three stocks rose for every two issues that declined on the NYSE.
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Wall Street headed to end mixed
Dow, S&P are up 0.1%, Nasdaq is down 0.2% ahead of the closing.
Stocks pare losses
After a soft opening, equities are clawing their way back to base camp.
U.S. Risers/Fallers: Chipotle Mexican Grill, Wayfair, AstraZeneca, Lions Gate Entertainment
Below are the main news driven share price changes at 11:35 a.m. in New York on Tuesday:
US stocks resume retreat as slowing global growth weighs
The three main benchmarks all head lower, with the tech-heavy Nasdaq Composite the hardest hit
Gap slips on banana skin but Jefferies keeps the faith
A shocking 15% fall in comparable store sales at Banana Republic dragged the Gap group's performance down, but broker Jefferies reckons the only way from here is up.
Stocks expected to resume retreat
Another day of decline looks in prospect, especially for Gap, which disappointed with its sales figures released last night.