UPDATE: Starbucks, Lululemon rise; UPS, Avon highlight S&P 500 losers
UPDATE: Intel falls on disappointing outlook
KLA-Tencor KLAC reported limited fiscal first-quarter results that were within our expectations. The firm did not provide detailed quarterly results because of the ongoing financial restatements related to past stock-option backdating. KLA expects to take noncash charges for stock-based ...
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Rising interest rates have taken their toll, but as the Fed delays dialing back on stimulus, investors are poised to recapture some of their losses.