Wall Street was higher in premarket trading on Thursday, with the Dow Jones Industrial Average breaking 25,000 for the first time.
Shares of L Brands Inc. (LB, Financial), however, fell more than 12% after the company reported sales increased 3% in December to $2.516 billion, but expects to report fourth-quarter earnings per share of $2, which is lower than estimates of $2.05 and the previous guidance range of $1.95 to $2.10. Further, comparable sales, which increased 1%, were short of the consensus estimate. For January, it expects comparable sales to increase at a low single-digit rate.
Gainers
- Advanced Micro Devices Inc. (AMD, Financial)
- CVS Health Corp. (CVS, Financial)
- Micron Technology Inc. (MU, Financial)
- Advance Auto Parts Inc. (AAP, Financial)
- DXC Technology Co. (DXC, Financial)
Losers
- Walgreens Boots Alliance Inc. (WBA, Financial)
- Macy's Inc. (M, Financial)
- Foot Locker Inc. (FL, Financial)
- Kroger Co. (KR, Financial)
- CBS Corp. (CBS, Financial)
Global markets
The main European stock markets traded higher. The U.K.'s FTSE 100 rose 0.32%, France's CAC 40 climbed 1.55%, Germany's Dax jumped 1.46% and Spain's Ibex 35 gained 1.96%.
In Asia, Japan's Nikkei 225 gained 3.26%, India’s BSE Sensex rose 0.52%, Hong Kong's Hang Seng inched up 0.57% and China´s SSE Composite swelled 0.49%.
Disclosure: The author holds no positions in any stocks mentioned.
