video Finance Videos
Wall Street ends lower
Thursday, May 11, 2017 - 01:17
Sales drops at Macy's and Kohl's sparked fears that consumers aren't spending enough to drive strong economic growth. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Wall Street lost ground Thursday, pressured by a drop in retail and bank shares. Sales drops at Macy's and Kohl's sparked a selloff in shares of department stores. Shares of Nordstrom fell after the bell. It, too, reported same-store sales that fell more than analysts expected. Ken Kamen of Mercadien Asset Management: SOUNDBITE: KEN KAMEN, PRESIDENT, MERCADIEN ASSET MANAGEMENT, (ENGLISH) SAYING: "The earnings today are from traditional retailers. Certainly the story of the day is Macy's. You now, it's down because their traffic is down." Not picture perfect. Snap shares plunged. Revenue and user growth slowed down at the owner of Snapchat. It was Snap's first report as a public company. Straight Path shares went straight down after investors realized there would be no bidding war. Verizon beat out AT&T to buy the wireless spectrum holder for $3.1 billion. The day's top performer on the Dow and S&P: Merck. Regulators cleared the drugmaker's lung cancer treatment. In economics news, the number of Americans filing for jobless benefits unexpectedly fell last week. Producer prices rebounded sharply in April. That points to a tightening labor market. In Europe, telecom and utilities stocks pulled down shares. But the FTSE 100 eked out a gain. "Some of what's pressuring the market is the market's been waiting to be pressured. Everyone thinks as been on this rise eventually, some shoe is going to drop. And I caution people not to let things out of Washington per se dictate their investment strategy."
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Wall Street ends lower
Thursday, May 11, 2017 - 01:17
Top News »
Sat, 16 Feb, 2019 - (1:19)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (0:55)
Sat, 16 Feb, 2019 - (1:09)
Fri, 15 Feb, 2019 - (1:03)
Fri, 15 Feb, 2019 - (1:45)
Fri, 15 Feb, 2019 - (1:59)
Fri, 15 Feb, 2019 - (0:59)
Fri, 15 Feb, 2019 - (1:56)
Thu, 14 Feb, 2019 - (1:43)
Thu, 14 Feb, 2019 - (0:59)
Editors' Picks »
Fri, 15 Feb, 2019 - (1:55)
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Thu, 14 Feb, 2019 - (1:15)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Tue, 12 Feb, 2019 - (1:38)
Business »
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (1:06)
Fri, 15 Feb, 2019 - (1:52)
Fri, 15 Feb, 2019 - (6:42)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:43)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (4:04)
Fri, 15 Feb, 2019 - (1:40)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (1:40)
Featured Videos
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
VR app brings South Africa's fossils to your phone
Excavation sites at the famous Cradle of Humankind can now be explored by visitors using a free mobile virtual reality app
Technology »
Fri, 15 Feb, 2019 - (1:20)
Fri, 15 Feb, 2019 - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Tue, 05 Feb, 2019 - (1:37)
Tue, 05 Feb, 2019 - (1:43)
Entertainment »
3:56am GMT - (0:45)
Sat, 16 Feb, 2019 - (1:02)
Sat, 16 Feb, 2019 - (0:56)
Sat, 16 Feb, 2019 - (1:05)
Sat, 16 Feb, 2019 - (1:12)
Fri, 15 Feb, 2019 - (1:24)
Fri, 15 Feb, 2019 - (2:20)
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (0:42)
Sports And Leisure »
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Tue, 12 Feb, 2019 - (1:19)
Mon, 11 Feb, 2019 - (1:25)
Mon, 11 Feb, 2019 - (1:20)
Mon, 11 Feb, 2019 - (0:43)
Oddly Enough »
Fri, 15 Feb, 2019 - (0:42)
Fri, 15 Feb, 2019 - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Thu, 14 Feb, 2019 - (1:26)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)
Mon, 11 Feb, 2019 - (2:19)