Movers: Dick's Sporting Goods, Medtronic, Palo Alto Networks, Zoom Video

Dick's Sporting Goods struggles with shifting consumer behavior and persistent supply chain issues. Zoom Video revenue growth continues to decelerate. Medtronic sales fall on supply chain disruptions.

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Zoom Lowers Annual Outlook, Revenue Growth Slows to 8%

The online video communication company sharply increased its enterprise customer base as total revenue growth decelerates sharply.

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Dick's Sporting Goods Comparable Sales Drop 5%

The sporting goods retailer said sales, comparable sales, and earnings fell in its latest quarter. The company also tightened its full-year sales decline outlook as consumers shifted purchases to basic items amid soaring food and energy prices.

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U.S. Stocks Waver, Bond Yields Rise, New Home Sales Plunge

Stocks lacked direction after a broad selloff on Monday and natural gas prices soared to the levels last seen in 2008. New home sales declined in July on rising prices and mortgage rates and longer construction time.

In Broad Selloff S&P 500 Falls 2%, Yield on 10-Year Treasury Crosses 3%

Rate path worries resurfaced and the market selloff anchored in tech stocks spread wide and deep barring the energy sector. Natural gas prices inched near $10 a unit and the volatile oil prices erased most of the 5% loss at close.

Tech Selloff Broadens Ahead of Central Bankers Gathering

Stocks on Wall Street declined in a broad selloff after rate path worries returned and the division between Russia and the European Union deepened.

Rate Worries Halt Four-Week-Long Rally, 10-Year Yield Nears 3%

Stocks closed down amid inflation and rate worries and tech stocks led the losers. For the week, the S&P 500 declined 1.2% and the Nasdaq Composite index dropped 2.6%. The latest economic data in the euro zone and the U.K. indicated more pain ahead in the coming months.

Ross Stores Forecasts Same Stores to Decline

The discount store chain operator guided same store sales to decline in third and fourth quarter as consumer stay focused and food and essential items and curtail discretionary spending.

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Foot Locker Same Store Sales Fell 10%

The athletic footwear and apparel retailer said same store and total sales declined driving the quarterly earnings sharply lower.

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Deere & Company Reiterated Annual Revenue Growth Estimate

The agriculture equipment maker lifted prices higher than the cost increase and the improved volume mix drove the earnings higher.

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Bill.com Quarterly Revenues and Loss Surge

The back-office software developer reported a surge in revenues and loss expanded. Revenues in the fiscal fourth quarter exceeded the company's guidance.

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Movers: Bed Bath & Beyond, Bill.com, Deere, Foot Locker, Madison Square Garden, Ross Stores, Wayfair

Wayfair announced to cut 5% of its global staff. Ross Stores lowered its annual same store sales outlook. Foot Locker earnings revenues and earnings dropped. Deere lifts prices at a faster pace than cost increase.

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Stocks On Wall Street Turn Lower Rate Path Worries

Tech stocks led the decliners after investors shied away from high growth stocks after benchmark indexes rallied for four weeks in a row.

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Market Movers: Bath & Body Works, Bed Bath & Beyond, BJ's Wholesale, Cisco, Estee Lauder, Kohl's

Bath Body Works toned down its optimism after a quarter of weak performance. Estee Lauder sales weakness in Chine and business closure in Russia impacted quarterly earnings. Kohl's agreed to accelerate stock repurchase.

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BJ's Wholesale Benefits as Consumer Shifts Buying Pattern

The warehouse retailer reported rising sales, comparable store sales and higher earnings as consumers search for bargains for essential items.

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