BREAKING: Stocks end higher after Fed signals slower rate hike pace
Net sales totaled $1.45 billion for the three months ended September 24, 2022, compared with $1.34 billion for the quarter ended September 25, 2021. Excluding gasoline sales, comparable store sales increased 5.2% over the comparative fiscal quarter.
Oil prices were steady on Wednesday as concerns about lower demand from China due to COVID-19 curbs offset data showing a larger-than-expected U.S. crude draw last week.Brent crude futures traded around $87.00.Best Buy soared 12.8% after the consumer electronics chain did better than analysts expected and said a decline in sales for the year will not be as bad as it had projected earlier.
HP shares are adding 1% in premarket trading after the company announced jobs cuts and better-than-expected quarterly results.Markets were closed in Japan for a holiday.
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