Daily Market Update – Friday, May 18th
The S&P 500 index slipped 7 points, or 0.3 percent, to 2,712 as of 10:13 a.m. ET. The Dow Jones industrial average edged up 14 points.
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Author: Money & Markets Editorial Team
Rising Rates: Savers Sigh In Relief, Borrowers Beware
For savers, it’s a long-awaited win. After years of making virtually nothing on their money market accounts and certificates of deposit.
Cambridge Analytica Is Liquidating Operations
The British firm filed for Chapter 7 bankruptcy protection late Thursday.
JCPenney Outlook Spooks Wall Street
Penney reported a loss of $78 million, or 25 cents per share.
Walmart Beats All Around, With E-Commerce Sales Rebounding
Revenue at Walmart stores opened at least a year rose 2.1 percent, the company said Thursday, also surprising Wall Street.
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