U.S. Stocks Open Higher Dick's Sporting Goods Shares Tumble 21% as It Cuts Annual Forecast
Tiger Newspress
Yesterday
U.S. equities rose on Tuesday as Treasury yields fell for another day. Chip stocks also moved higher, with investors looking ahead to Nvidia’s earnings.
Futures tied to the Dow Jones Industrial Average gained 236 points, or 0.4%. S&P 500 futures added 0.4%, while Nasdaq 100 futures were 0.8% higher.
Dick's Sporting Goods (DKS.N), opens new tab cut its full-year sales and profit forecasts on Tuesday, as consumers in the U.S. pulled back spending on pricey athletic footwear and apparel, sending its shares down 21% in morning trading.
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