The U.S. stock market traded in the red on Wednesday, with investors around the world worrying about geopolitical and trade concerns.
Shares of Lowe's Companies Inc. (LOW, Financial) jumped on Wednesday trading after the company posted first-quarter earnings of $1.19 on revenue of $17.4 billion, which was 3.2% higher than the comparable period. The company fell short of revenue expectations by $290 million and by 8 cents in earnings.
Looking ahead, the company expects for the fiscal year 2018 total sales to increase approximately 5% and comparable sales to increase approximately 3.5%. Diluted earnings per share are expected to be between $5.40 and $5.50.
Gainers
• Tiffany & Co. (TIF, Financial)
• Ralph Lauren Corp. (RL, Financial)
• Nordstrom Inc. (JWN, Financial)
• Welltower Inc. (WELL, Financial)
Losers
• Target Corp. (TGT, Financial)
• CF Industries Holdings Inc. (CF, Financial)”‹
• Cimarex Energy Co. (XEC, Financial)
• Fluor Corp. (FLR, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE lost 1.19%, France's CAC retreated 1.48%, Germany's Dax fell 1.63% and Spain's Ibex slid 1.29%.
In Asia, markets closed in the red. Japan's Nikkei closed down 1.18%, China´s Shanghai retreated 1.41%, Hong Kong's Hang Seng slid 1.82% and India’s BSE Sensex lost 0.88%.
Disclosure: The author holds no position in any stocks mentioned.
