Losing Streak Ends on Tuesday; Retailers Beat Estimates (BBY, WMT)

Stocks finally climbed for the first session in five on Tuesday. Several retailers beat expectations today with earnings reports, including Best Buy (BBY) and TJX Cos (TJX). J.C. Penney (JCP) posted weak results but jumped on a revised outlook. Dick's Sporting Goods (DKS) fell nearly 7% after reporting it fell short of targets. Investors await tomorrow's minutes from the Fed and hope for clues as to when the planned taper will begin.
The potential decrease in economic stimulus has worried many and caused oil futures to drop on Tuesday with the September contract ending at a two-week low.

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Published on Aug 20, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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