Stock market today: Dow, S&P 500, Nasdaq mixed with retail sales, inflation data in focus

^DJI ^IXIC ^GSPC

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  Stocks waver astatine the open

  US stocks wobbled astatine the marketplace unfastened Tuesday arsenic a driblet successful Nvidia (NVDA) shares weighed connected the tech-heavy Nasdaq Composite (^IXIC).

  The Nasdaq fell 0.4%, portion the S&P 500 (^GSPC) traded astir flat. The Dow Jones Industrial Average (^DJI), which includes less tech stocks, added 0.5%.

  DJI - Free Realtime Quote • USD

  46,367.29

  -80.98

  (-0.17%)

  As of 9:50:05 AM EST. Market Open.

  ^DJI ^IXIC ^GSPC

• Wholesale ostentation ticks up 0.3% successful September

  The delayed September Producer Price Index (PPI) study from the Bureau of Labor Statistics was yet released connected Tuesday, showing wholesale prices picked up during the period successful what is 1 of the Fed's past ostentation readings earlier its December meeting.

  PPI showed prices paid by companies accrued 2.7% twelvemonth implicit year. On a monthly basis, prices accrued 0.3% successful September aft declining 0.1% successful August. On a "core" basis, which excludes food, energy, and commercialized services, prices edged up 0.1% aft rising 0.3% successful August.

  While the information was delayed owed to the authorities shutdown, it was seen arsenic a important portion to the Fed's determination making, arsenic officials stay divided connected whether to prioritize getting ostentation backmost to the cardinal bank's 2% people oregon chopped rates to bolster the labour market.

  And since the BLS volition not beryllium releasing the October Consumer Price Index report, the cardinal slope volition beryllium gathering successful a information fog.

  On Tuesday morning, traders were betting connected an 82.9% accidental the Fed lowers involvement rates by 25 ground points astatine its adjacent argumentation meeting, according to CME FedWatch, somewhat beneath the 84% likelihood they had priced successful the time before.

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  US retail income roseate little than forecast successful September

  US retail income slowed successful September arsenic investors got the archetypal authoritative glimpse of user spending successful 2 months connected Tuesday greeting aft the authorities shutdown halted a wide swath of economical data.

  Headline retail income climbed 0.2% successful September, beneath economists' expectations of a 0.4% month-over-month increase. By comparison, income roseate 0.6% successful August, according to Census Bureau data.

  The power group, which excludes respective volatile categories and factors into the gross home merchandise (GDP) speechmaking for the quarter, decreased 0.1% pursuing a 0.6% summation successful August. Economists polled by Bloomberg had expected a 0.3% rise.

  Sales excluding autos roseate 0.3% from August to September, portion income excluding autos and state accrued 0.1%.

  The study arrives astatine the commencement of a important vacation buying play and carries added value arsenic investors and policymakers proceed to run without an authoritative work connected 3rd 4th GDP, adjacent with the shutdown present over.

  On Monday, the Bureau of Economic Analysis (BEA) announced it has canceled the beforehand Q3 GDP estimation and volition reschedule some the 2nd estimation and preliminary firm profits, which were slated for merchandise connected Nov. 26.

  Read much here.

• Abercrombie & Fitch banal soars connected net beat, guidance

  Abercrombie & Fitch (ANF) banal soared successful premarket trading aft the retailer bushed net estimates and raised the little extremity of its full-year income and nett guidance.

  Shares roseate by implicit 18% successful premarket trading, but the banal remains down 56% twelvemonth to-date.

  The company's Hollister marque drove the results, posting a 15% year-over-year income increase, which offset a 7% income diminution for Abercrombie.

  Overall, the retailer reported net per stock of $2.36, compared to analysts' estimates of $2.16, according to S&P Global Market Intelligence. Net income reached $1.29 billion, besides supra estimates for $1.27 billion.

  The institution raised the little extremity of its full-year outlook for nett income maturation to a scope of 6% to 7%, portion nett income per diluted stock is expected to travel successful astatine $10.20 to $10.50. Previously, the institution saw nett income increasing 5% to 7% and nett income successful a scope of $10.00 to $10.50.

  Read much unrecorded net sum here.

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  Good morning. Here's what's happening today.

  Economic data: Retail income (September); Producer terms scale (September); FHFA location terms scale (September); Richmond Fed manufacturing scale (November); The Conference Board user assurance (November); Pending location income (October); Dallas Fed services enactment (November)

  Earnings: Alibaba (BABA), Analog Devices (ADI), Dell Technologies (DELL), Autodesk (ADSK), Workday (WDAY), Zscaler (ZS), HP Inc. (HPQ), DICK'S Sporting Goods (DKS), Burlington Stores (BURL), Best Buy (BBY), Urban Outfitters (URBN), Pony AI (PONY), Abercrombie & Fitch (ANF), Kohl's (KSS)

  Here are immoderate of the biggest stories you whitethorn person missed overnight and aboriginal this morning:

  DOGE's bequest for Corporate America: Cut first, inquire later

  Nvidia banal sinks arsenic Google challenges successful AI chips

  Trump signs 'Genesis Mission' bid to boost innovation with AI

  Trump, Xi talk for archetypal clip since commercialized truce

  Alphabet's rally is acceptable to shingle up tech leadership

  Alibaba gross beats arsenic AI limb maturation surges 34%

  Treasurys gaffe connected hazard US information volition amusement instrumentality of inflation

  Bitcoin holds betterment from worst of sell-off, buoying traders

  Best Buy lifts outlook arsenic net bushed forecasts

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  Best Buy net bushed Wall Street's forecasts, institution raises outlook

  Best Buy's (BBY) shares roseate 3% earlier the doorbell aft the retailer's 3rd 4th results bushed analysts' estimates, and the institution raised its full-year outlook connected Tuesday.

  The retailer, which is heading into the vacation season, said that its income were driven by "strong results crossed computing, gaming, and mobile phones."

  Yahoo Finance elder newsman Brooke DiPalma looks into the latest net study from the retail chain.

  NYSE - Nasdaq Real Time Price • USD

  As of 9:49:08 AM EST. Market Open.

  Read much here.

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  Kohl’s shares soar arsenic Q3 results bushed expectations

  Kohl's (KSS) banal soared 23% earlier the doorbell connected Tuesday aft the retailer reported better-than-expected 3rd 4th results. Both net and gross surpassed Wall Street estimates. The retailer besides accrued its full-year outlook.

  NYSE - Nasdaq Real Time Price • USD

  As of 9:49:22 AM EST. Market Open.

  Investing.com reports:

  Read much here.

• The DOGE experimentation mightiness beryllium over, but its bequest continues successful firm America

  Yahoo Finance's Hamza Shaban reports:

  Taken to its extreme, the expansive committedness of AI for the endeavor is moving a concern without employees.

  The Department of Government Efficiency (DOGE) experimentation brought this logic to the US government, a task tally by the radical for the people. The question DOGE asked was simple: How galore radical bash you truly need?

  In the post-COVID era, executives leaned connected euphemisms and "macroeconomic headwinds" arsenic justifications for wide layoffs. The bequest of DOGE whitethorn spot companies bash distant with that benignant of contrived messaging.

  DOGE opened the Overton model for immoderate benignant of manager — successful the C-suite oregon successful Washington — to comprehend their workforce arsenic excessively large. ...

  Recent layoffs astatine Amazon (AMZN), UPS (UPS), and Verizon (VZ) each came with their ain company-specific reasons.

  But the question of firm restructurings tin beryllium seen arsenic portion of a multiyear task — stretching backmost to Elon Musk's takeover of Twitter and present infused with the committedness of AI-driven outgo savings — that was further encouraged by the roughshod exemplary of DOGE. Cut first, inquire later.

  Read much here successful the takeaway from today's Morning Brief.

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  Premarket trenders: Keysight Technologies, Broadcom and Spotify

  Keysight Technologies' (KEYS) banal jumped 14% during premarket trading connected Tuesday. The physics instrumentality shaper forecast first-quarter gross and nett up of Wall ​Street estimates connected Monday.

  Broadcom (AVGO) stock roseate 2% earlier the doorbell connected Tuesday amid optimism for its AI offerings and besides connected the backmost of its concern with Alphabet (GOOG, GOOGL), which has been successful spot since 2016.

  Spotify's (SPOT) shares jumped 4% successful premarket trading connected Tuesday. The emergence follows quality that the Swedish audio streaming and media work supplier would beryllium expanding its prices successful the US adjacent year.

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  Alibaba rises aft beating quarterly gross estimates

  Alibaba (BABA) banal roseate 4% earlier the doorbell connected Tuesday aft the Chinese e-commerce elephantine bushed analysts' estimates for quarterly ​revenue, arsenic investments successful ‌one-hour transportation helped thrust much users to its buying apps,‌ portion its unreality part reported beardown growth.

  NYSE - Nasdaq Real Time Price • USD

  As of 9:49:22 AM EST. Market Open.

  Reuters reports:

  Read much here.

• Bitcoin faces 3 large problems arsenic the cryptocurrency struggles to rebound

  Yahoo Finance's Ines Ferré and David Hollerith report:

  Bitcoin (BTC-USD) is struggling to summation momentum arsenic it heads toward its worst period since June 2022.

  As prices commercialized astir $87,000 per token, oregon astir 30% disconnected their October all-time highs of much than $126,000, the cryptocurrency's problems don't look to beryllium easing.

  And 3 cardinal challenges for bitcoin person emerged arsenic investors and strategists excavation done the rubble of this month's decline.

  First, outflows of bitcoin exchange-traded funds (ETFs) for November person reached $3.5 billion, their largest since February. "That indicates that organization investors person stopped allocating into bitcoin," 10X Research laminitis and CEO Markus Thielen said. "These ETFs person turned into sellers, and arsenic agelong arsenic they support selling, I deliberation the markets volition conflict to enactment up, oregon rebound," helium said.

  Another issue: Thielen pointed to a slowdown successful stablecoin minting activity, a informing that could suggest little superior is entering the crypto ecosystem. ...

  The 3rd situation facing bitcoin: Long-term holders had already been selling into the downturn, perchance successful anticipation of the token's humanities four-year cycle.

  Read much here connected what's down bitcoin's slump.

• Nvidia shares driblet connected quality that Meta is successful talks to usage Google AI chips

  Bloomberg reports:

  NasdaqGS - Nasdaq Real Time Price • USD

  As of 9:50:05 AM EST. Market Open.

  Read much here.