Sales by wholesale merchants increased in April by 0.2% over March, with inventories declining by 0.1% for the same period. Sales of farm products was the largest contributor to the gain, with an increase of 7.4% over March. Sales of non-durable goods increased by 0.8% for the month, offsetting a decline of 0.5% in sales of durable goods. ... more
Elsewhere, Google (GOOGL) joins the list of companies looking to draw employees back to the office. Yesterday, the company's HR chief informed employees that the company would begin cracking down on employees not following their hybrid work schedules and would include attendance in upcoming performance reviews. Shares of Carvana (CVNA) are surging after the company made comments that it is expecting to earn $50 million for the quarter as it makes progress cutting costs. Shares of HashiCorp (HCP) and Smartsheet (SMAR) have tumbled on weaker-than-expected sales growth.
The S&P 500 is up 0.40%, the Dow is up 0.20%, the Nasdaq is up 0.92%, and the Russell 2000 is down 0.71%.
Industries trading higher today include: Multiline Retail, Automobiles, and Semiconductors & Semiconductor Equipment. Industries trading lower today include: Independent Power and Renewable Electricity Producers, Containers & Packaging, and Energy Equipment & Services.
The VIX is down 0.24 at 13.70 after closing yesterday at 13.94. Options on Advanced Micro Devices (AMD) have appeared on the most-active list today with more than 15,115 contracts of the June 30 136 call, changing hands. The put/call ratio is 0.79 (1,456,900)/(1,843,692). NYSE Adv/Dec (1,141/1,735). Nasdaq Adv/Dec (1,971/2,092).
[Argus Research, various news and data sources]
Elsewhere, Google (GOOGL) joins the list of companies looking to draw employees back to the office. Yesterday, the company's HR chief informed employees that the company would begin cracking down on employees not following their hybrid work schedules and would include attendance in upcoming performance reviews. Shares of Carvana (CVNA) are surging after the company made comments that it is expecting to earn $50 million for the quarter as it makes progress cutting costs. Shares of HashiCorp (HCP) and Smartsheet (SMAR) have tumbled on weaker-than-expected sales growth.
The S&P 500 is up 0.40%, the Dow is up 0.20%, the Nasdaq is up 0.92%, and the Russell 2000 is down 0.71%.
Industries trading higher today include: Multiline Retail, Automobiles, and Semiconductors & Semiconductor Equipment. Industries trading lower today include: Independent Power and Renewable Electricity Producers, Containers & Packaging, and Energy Equipment & Services.
The VIX is down 0.24 at 13.70 after closing yesterday at 13.94. Options on Advanced Micro Devices (AMD) have appeared on the most-active list today with more than 15,115 contracts of the June 30 136 call, changing hands. The put/call ratio is 0.79 (1,456,900)/(1,843,692). NYSE Adv/Dec (1,141/1,735). Nasdaq Adv/Dec (1,971/2,092).
[Argus Research, various news and data sources] less