Stocks were lower Tuesday as strong economic data continued to cast doubts on whether the Federal Reserve can slow down its pace of interest rate hikes. Signet Jewelers (SIG) jumped 19% after the diamond jewelry retailer raised its full-year financial outlook to reflect “current business trends” and its recent acquisition of Blue Nile. Sumo Logic (SUMO) raised its fiscal-year sales outlook and the software company forecast an adjusted loss of 35 cents to 36 cents a share, narrower than Wall Street expectations. Read More...
Stocks were lower Tuesday as strong economic data continued to cast doubts on whether the Federal Reserve can slow down its pace of interest rate hikes. Signet Jewelers (SIG) jumped 19% after the diamond jewelry retailer raised its full-year financial outlook to reflect “current business trends” and its recent acquisition of Blue Nile. Sumo Logic (SUMO) raised its fiscal-year sales outlook and the software company forecast an adjusted loss of 35 cents to 36 cents a share, narrower than Wall Street expectations.
