Cato Q2 Net Income, Sales Decline
(RTTNews) - Specialty retailer Cato Corp. (CATO) reported Thursday that net income for the second quarter declined to $0.1 million or $0.01 per share from $1.1 million or $0.06 per share in the prior-year quarter.
Sales for the quarter declined 8 percent to $166.9 million from $181.2 million in the year-ago quarter. Same store sales decreased 2 percent.
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TSX Ends Modestly Lower
https://money.tmx.com/canadian-markets
https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a mixed performance against its major counterparts with traders assessing the Federal Reserve's likely moves with regard to interest rates next year.
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. stocks tumbled on Friday and the major averages all closed notably lower with the tech-laden Nasdaq suffering a more pronounced loss as yields on 10-Year Treasury Note rose to near 8-month high.
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U.S. Stocks Down Firmly In Negative Territory; Nasdaq Tumbled 1.7 Percent
U.S. stocks are down firmly in negative territory Friday afternoon with rising Treasury yields contributing to the weakness. The major averages are all down in the red with the Nasdaq suffering a more pronounced loss.
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Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors.
The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
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Canadian Dollar Declines Against Most Majors
The Canadian dollar weakened against its most major counterparts in the New York session on Friday.
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European Markets Close Higher
European stocks closed higher on Friday, as investors made some purchases at several counters as markets resumed trading after Christmas holidays.
Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week.
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Pound Strengthens Against Majors
The pound appreciated against its major counterparts in the New York session on Friday.
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