The Nasdaq and S&P 500 are on pace for a record close for the first time in ...

The Nasdaq and S&P 500 are on pace for a record close for the first time in ...
The Nasdaq and S&P 500 are on pace for a record close for the first time in ...
1 hr 50 min ago Kohl's stock spikes 9% on deal to accept Amazon returns

From CNN Business' Jordan Valinsky

Kohl's (KSS) stock is soaring 9% after it announced a new deal with Amazon (AMZN).

The department store said it will accept Amazon customers' order returns for free — even without the box it shipped in — at all of its more than 1,150 US stores beginning in July.

Shoppers can drop off their returns at customer service desks, and Kohl's will package and ship the items back to Amazon using its own logistics network.

The stock is now up 12% for the year.

2 hr 53 min ago Nasdaq moves past its all-time closing high shortly after the S&P did the same thing

From CNN Business' Anneken Tappe

The Nasdaq is following in the S&P 500's footsteps, climbing past its all-time closing high just around half-way though Tuesday's trading session.

The Nasdaq was boosted past its record close of 8,110 points thanks to strong performing stocks like toy retailer Hasbro (HAS), which was up a whopping 15%.

The index' all-time intraday high is 8,133, which it reached last September.

3 hr 4 min ago S&P 500 zooms past all-time closing high

From CNN Business' Anneken Tappe

The S&P 500 broke above its all-time closing high of 2,930.75 in Tuesday trading.

Now it just needs to hold on to those gains until 4 p.m. ET.

While US stocks were stronger across the board, the S&P was boosted specifically by health care and cyclical consumer stocks.

Meanwhile, the Dow wasn't too far off its own historical best of 26,828 points. It's hovering about 0.6% below that level.

3 hr 21 min ago Snap's stock has soared 120% this year

From CNN Business' Jordan Valinsky

Snap (SNAP) reports its first quarter earnings after the bell. Shares have been on a steady climb — up 40% — since its last earnings report in February:

The stock is up 5% today and 120% since the beginning of the year.

Will it continue to race higher? CNN Business will cover Snapchat's earnings live when they come out at 4pm ET.

3 hr 52 min ago S&P 500 edges toward record high

From CNN Business' Anneken Tappe

US markets are off to a strong morning, driven higher by gains in technology and health care, as well as consumer stocks that do well when the market is also performing well.

The S&P 500 is only about 4 points, or 0.1%, away from its all-time closing high of 2,930 points.

Twitter (TWTR) is the index's biggest gainer at nearly 17%, followed by toy retailer Hasbro (HAS) with more than 14%. Both companies reported earnings before the bell. Twitter saw strong user growth last quarter, while sales at Hasbro were encouraging.

Quest Diagnostics (DGX) was up 7%, and HCA Healthcare (HCA) increased more than 5%.

In the Dow, Coca-Cola (KO) led the field, rising 1.8%.

Telecom stocks were the weakest across the board. Verizon (VZ) was the biggest loser in the Dow, down 2%. The company reported ailing wireless revenues, but better-than-expected earnings.

5 hr 19 min ago Harley Davidson's trade war pains

From CNN Business' Anneken Tappe

The Trump administration's tariff strategy is coming home to roost.

On Tuesday, Harley Davidson (HOG) posted a drop in first-quarter sales and earnings. It cited tariffs between the United States, the European Union and China as part of the reason for its weak performance.

Both the European Union and China retaliated against US-imposed tariffs by adding their own levies.

President Donald https://twitter.com/realDonaldTrump/status/1120644639311134720 Tuesday that the tariffs Harley faces were unfair and that the United States would reciprocate.

Harley shares were last down 1.1%.

Read the full story here.

5 hr 31 min ago US stocks edge higher at the open

From CNN Business' Anneken Tappe

Stocks kicked off Tuesday’s session slightly stronger.

The Dow was up 0.1%, or 26 points The S&P 500 rose 0.2%. The Nasdaq was up 0.4%.

Among the morning’s biggest gainers was toy retailer Hasbro (HAS), which rallied more than 15% following its first quarter earnings report before the bell.

Twitter (TWTR) shares jumped nearly 13%, also after it posted its earnings.

4 hr 27 min ago Twitter shares surge 16% after posting strong user growth

From CNN Business' Jordan Valinsky

Twitter (TWTR) reported strong user growth and advertising sales, which is boosting its stock more than 16% in early trading.

The company reported 330 million monthly active users in the first three months of 2019, an increase of 9 million from the prior quarter. That breaks Twitter's streak of three consecutive quarters of user declines.

Twitter posted revenue of $787 million for the quarter, up 18% from the same period a year ago and more than Wall Street had expected. The company credited this growth in part to traction for video ad formats.

The company also released a preview of some features it's soon rolling out:

The stock is up 40% for the year.
7 hr 17 min ago Higher prices and growth in Cascade and Tide Pods lead Procter & Gamble

From CNN Business' Nathaniel Meyersohn

Procter & Gamble (PG) pushed through pricing increases on many of its big consumer brands, helping lead to a 5% increase in sales during its most recent quarter compared with a year earlier.

P&G's said Tuesday that its beauty division, which includes brands such as Olay and SK-II, grew in the teens last quarter. The conglomerate's home care division, comprised of Cascade, Dawn, Febreze and Swiffer, grew in the high single digits compared with a year ago.

P&G also got a lift from its Always and Tampax brands in its feminine care unit, and Tide Pods in fabric care.

The strong quarter signaled that, despite the growth of small online brands and big retailers' private labels in consumer products, shoppers are still attracted to P&G's big name brands. Although retailers such as Walmart and Amazon are competing with each other to drop prices, P&G has been able to raise its prices.

CEO David Taylor said in a release Tuesday that P&G had shown "improved results despite a challenging competitive and macroeconomic environment.

P&G's stock was flat during pre-market trading. It is up 15% so far this year.

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