Like many other consumer discretionary retailers, Signet is feeling the pressure from consumers looking for deals and promotions. The past few years of food and housing inflation, along with the post-pandemic yearning for spending on experiences, have taken their toll on discretionary goods sales, such as jewelry.
Wall Street mostly rose Tuesday after encouraging inflation data despite Lilly’s drag. The post appeared first on TV News Check. The post Dow Gains 221, Nasdaq Slips 44, S&P 500 Adds 7 originally published on TV News Check.
Signet Jewelers shares tumbled after the retailer cut its quarterly outlook, prompted by a duller-than-expected holiday shopping season. Executives said consumers shifted to lower-priced gifts this holiday season.
The SP 500 rose 0.1% Tuesday, closing higher alongside a 0.5% gain in the Dow Jones Industrial Average, while the NASDAQ fell 0.2%. Choppy trading followed cooler-than-expected inflation data, which eased recent
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Tuesday. The Dow traded up 0.50% to 42,509.79 while the NASDAQ rose 0.25% to 19,135.49. The S&P 500 also rose,
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Telsey Advisory lowered the firm’s price target on Signet Jewelers (SIG) to $65 from $87 and keeps a Market Perform rating on the shares. The
The Bear Cave issued a cautious report on Signet Jewelers (SIG), saying the firm believes today’s youth and future generations will shift
Signet Jewelers lowers its Q4 sales forecast and expects weaker-than-expected performance, causing a 16.7% drop in shares during premarket trading.
Shares of Signet Jewelers (NYSE: SIG) were taking a dive after the company gave a disappointing update to the key holiday quarter and cut its forecast for the fourth quarter. It lowered its revenue forecast from $2.
Most U.S. stocks rose following an encouraging update on inflation, but drops for Eli Lilly and some other influential stocks kept indexes in check
Stubbornly high readings on inflation and a run of better-than-expected updates on the U.S. economy have sent Wall Street into a weekslong rut, pulling it further from the dozens of all-time highs set last year. The fear is that all the strong data will convince the Federal Reserve to deliver less relief this year through lower interest rates.