Show Entire Article
Energy stocks have been under pressure in the last few days amid concerns over a slowdown in China, which consumes about a quarter of the world's oil. As a result, oil services companies have posted big declines for the week including Baker Hughes , Nabors and Schlumberger .
Dow component McDonald’s edged lower after the fast-food chain announced CEO Jim Skinner will retire on June 30. Shares of the company have spiked over 200 percent since Skinner's reign in late 2004.
On the earnings front, FedEx slipped after the economic bellwether warned that it had lowered its outlook for the rest of the year because of weak economic growth. Still, the package delivery company topped earnings estimates. Rival UPS also edged lower.
Discover Financial rallied after the credit-card provider reiterated their expectation of 10 to 15 percent annual growth in earnings per share. The firm also posted better-than-expected earnings. Meanwhile, at least two brokerages raised their price targets on the company.
Dollar General gained after the retailer beat results and added it expects its upward momentum to continue throughout the year.
Lululemon Athletica finished higher after the yoga-apparel retailer posted better-than-expected results. Shares were under pressure for most of the session after the firm handed in disappointing first-quarter and full-year earnings outlooks.
Page 3 of 5 | Prev Page | Next PageShow Entire Article
ET News & Analysis
No recent news available
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES