Advertisement
Australia markets closed
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • AUD/USD

    0.6416
    -0.0010 (-0.15%)
     
  • OIL

    82.93
    +0.20 (+0.24%)
     
  • GOLD

    2,396.10
    -1.90 (-0.08%)
     
  • Bitcoin AUD

    100,170.85
    +4,424.11 (+4.62%)
     
  • CMC Crypto 200

    1,337.57
    +24.95 (+1.90%)
     
  • AUD/EUR

    0.6024
    -0.0007 (-0.11%)
     
  • AUD/NZD

    1.0891
    +0.0017 (+0.15%)
     
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     
  • FTSE

    7,837.61
    -39.44 (-0.50%)
     
  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     
  • DAX

    17,691.77
    -145.63 (-0.82%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Here's What Lowe's and AutoZone Stocks Are Saying About the Economy

Here's What Lowe's and AutoZone Stocks Are Saying About the Economy

The stock market lost its upward momentum on Tuesday as the lack of progress toward a resolution of the debt ceiling debate in Washington seemed to overwhelm investors. Investors still seem largely confident that lawmakers will resolve the debt ceiling problem without a cataclysmic default, but the lack of a clear solution as the days tick down still weighed a bit on sentiment. Lowe's (NYSE: LOW) managed to post a modest gain for the day after releasing its quarterly figures, but shareholders in auto parts retailer AutoZone (NYSE: AZO) weren't as fortunate.