Week ahead on Wall Street

Credit: Reuters Studio
Published on May 17, 2019 - Duration: 00:56s

Week ahead on Wall Street

Get set for retail-o-rama: Home improvement and department store chains report their latest results.

Fred Katayama reports.


Week ahead on Wall Street

Here's what to look for in the week ahead on Wall Street: It's retail-o-rama.

We'll get reports from home improvement chains Home Depot on Tuesday and Lowe's on Wednesday.

The results come as falling mortgage rates spur home building in the U.S. Investors will also get a chance to assess the health of the housing sector.

Expect existing home sales out Tuesday to rise 2.6 percent in April, and new home sales out Thursday to decline to a sesonally adjusted annual rate of 670,000 units.

Back on the retail storefront, three department store chains out with their report cards Tuesday.

JC Penney and Kohl's are likely to reveal that same-store sales have dropped.

But Nordstrom should show a small growth in quarterly sales.

On Wednesday, Target is set to post its eighth straight gain in existing store sales.

On Thursday, Best Buy may also point a rosy picture with its turnaround drive.

Its subscription tech support service is expected to bump up first quarter sales.

You are here

Recent related news from verified sources

Β· *The Wall Street Journal editorial board lambasted the economic policies of White House trade adviser Peter Navarro for the second time in one week on...
5 days ago • Business Insider

Andrew Feldstein was hailed on Wall Street as one of the big winners from the GFC. But last week he took a big step backwards.
1 week ago • The Age

Stocks rallied Friday after a tumultuous week on Wall Street. But despite growing fears of a recession, President Trump continues to tout a strong economy which...
3 days ago • CBS News

Β· Some of Wall Street's largest banks, including Citi and Morgan Stanley, are in the processing of forming a working group aimed at understanding the risks...
6 days ago • Business Insider

Recent related videos from verified sources

Margot Robbie Reveals The Truth About That 'Wolf of Wall Street’ Scene 01:18
Credit: Cerise Media English - Published 11 hours ago 

Wall Street rises on stimulus optimism 01:15
Credit: Reuters Studio - Published 3 days ago 

800-Point Drop: What Happened On Wall Street? 03:04
Credit: CBS 4 WCCO Minnesota - Published 5 days ago 

Wall Street Falls As Recession Fears Grow 00:35
Credit: Wochit - Published 5 days ago 

You might like