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[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2022. Despite the sales warning from Target, latest data on U.S. retail sales suggested that consumer spending remained stable and could help to underpin the economy in the fourth quarter. The data showed retail sales rose 1.3% last month after remaining flat in September. Economists polled by Reuters had forecast sales accelerating 1%. ET, Dow e-minis were down 57 points, or 0.17%, S&P 500 e-minis were down 14.25 points, or 0.36%, and Nasdaq 100 e-minis were down 71 points, or 0.6%.

☆ Futures tick higher as investors await retail sales data, earnings
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

Wall Street ended Tuesday higher despite geopolitical worries, after slower U.S. producer price growth data added to improved inflation outlook for the world's largest economy. Investors awaited key retail sales figures due at 8:30 am ET on Wednesday for further cues on the strength of the U.S. economy. Retailer Walmart Inc (WMT.N) jumped 6.5% in the previous session on lifting its annual sales and profit forecasts, helped by steady demand for groceries despite higher prices. ET, Dow e-minis were up 65 points, or 0.19%, S&P 500 e-minis were up 8 points, or 0.2%, and Nasdaq 100 e-minis were up 20.25 points, or 0.17%. Other megacap growth and technology companies such as Amazon.com (AMZN.O) gained 0.3%, while Apple (AAPL.O) and Alphabet (GOOGL.O) were subdued.

☆ Stocks making the biggest moves midday: Target, Carnival, Advance Auto Parts, Lowe's and more
▼ + stars: | 2022-11-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Advance Auto Parts — Advance Auto Parts tumbled 16.3% after reporting lower-than-expected quarterly earnings after the bell Tuesday. Lowe's said the company, unlike Target, is not seeing negative inflation impact on sales. O'Reilly Automotive — Shares automotive parts retailer added 2% after the company upped its share repurchase program by $1.5 billion. Oscar Health — The insurance stock added 1.9% after Wells Fargo upgraded the stock to overweight, saying shares can rally nearly 40% going forward. Lincoln National — Shares added 2.1% following an upgrade to a buy rating by Goldman Sachs.

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