Levi Strauss (LEVI) Stock Dips While Market Gains: Key Facts
In the most recent trading session, Levi Strauss (LEVI) closed at $17.51, indicating a -0.11% shift from the previous trading day.
In the most recent trading session, Levi Strauss (LEVI) closed at $17.51, indicating a -0.11% shift from the previous trading day.
Cooler inflation pressures in the shape of surprisingly soft U.S. economic data and a slide in oil prices helped bring down Treasury yields and support stocks on Thursday, although the recent surge on Wall Street does appear to be losing steam. In my column today I look at how the decline in U.S. inflation - a healthy development, in most people's eyes - is coming with an unwelcome side effect - rising real yields.
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(Bloomberg) -- Treasuries gained as a fresh spate of economic data offered signs of ebbing economic activity and dimming inflation, supporting bets that the Federal Reserve will cut interest rates twice this year.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump Power-Hungry Data Centers Are Warming Homes in the NordicsNYC Commuters Brace for Cha
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The S&P 500 rose 0.4% Thursday, enough to extend its winning streak to a fourth day and to pull within 3.7% of its record. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite fell 0.2%. The Nasdaq composite fell 34.49 points, or 0.2%, to 19,112.32.
The S&P 500 rose 0.4% Thursday, enough to extend its winning streak to a fourth day and to pull within 3.7% of its record. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite fell 0.2%. The Nasdaq composite fell 34.49 points, or 0.2%, to 19,112.32.
Government data showed retail spending was strong in April, but major retailers have warned tariffs would undo that.
UnitedHealth Group, one of America’s biggest corporations and a member of the exclusive Dow Jones Industrial Average, is suddenly unraveling.
News of progress in U.S.-China trade talks helped the stocks of apparel and consumer goods companies that source from China. Shares of apparel and consumer goods companies with significant exposure to China, such as PVH Corp. (NYSE: PVH), Revolve Group (NYSE: RVLV), and Mattel (NASDAQ: MAT), rallied hard this week, increasing 14.1%, 15.5%, and 16.5%, respectively, as of 12:30 p.m. ET Thursday, according to data from S&P Global Market Intelligence. The U.S. and China held talks last weekend and on Monday announced that they would be removing retaliatory tariffs announced last month for 90 days while trade talks continue.