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☆ Walgreens to close nearly all pharmacies on Thanksgiving for first time
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 16 (Reuters) - Walgreens Boots Alliance (WBA.O) will close nearly all of its stores and pharmacies on Thanksgiving Day for the first time in the chain's history to give staff "time with their loved ones", the company said on Thursday. However, nearly all of its 700 24-hour locations will remain open on Thanksgiving, along with certain distribution centers and other sites including supply chain and centralized teams, Walgreens said. Many big box stores such as Walmart (WMT.N) and Target (TGT.N) are closed on Thanksgiving, but pharmacies and grocery stores typically remain open with adjusted hours. However, CVS and Walgreens had said the work action had minimal impact on their operations, with most stores remaining open.

Persons: Andrew Kelly, —, Tracey Brown, RiteAid, Leroy Leo, Devika Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, Walgreens Retail, Walmart, IAM Healthcare, CVS, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

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☆ S&P 500 futures rise, helped by Nike and FedEx earnings
▼ + stars: | 2022-12-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

S&P 500 futures rose 0.3%, and Nasdaq 100 futures climbed 0.4%. Investors were digesting earnings from Nike and FedEx that sent both companies higher in after-hours trading. Nike shares added 12% after the apparel maker beat Wall Street's expectations for quarterly earnings and revenue. The S&P 500 climbed 0.1% and the Nasdaq Composite eked out a slight gain of 0.01%. There are a few more big names left to report earnings before the Christmas holiday.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

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