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Ares Management (NYSE: ARES ) held its second-quarter earnings conference call on Friday. Below is the complete transcript from the call. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. Access the full call at Summary Ares Management reported record q
Macy’s fell about 4% after reporting second-quarter fiscal 2026 results that beat Wall Street estimates but guiding third-quarter adjusted loss wider than expected. Adjusted EPS was 40 cents, excluding a 23-cent tariff refund benefit, and sales rose 1.1% to $4.866 billion.
The ISM services PMI surged to 55.4 in August from 54.1 previously, above the 54.3 market estimate and its strongest pace in six months.
The Dow Jones fell more than 150 points Wednesday, while J.M. Smucker shares rose about 3% after better-than-expected first-quarter results and raised FY27 guidance above estimates.
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July versus economist forecasts of 3.6%, while the monthly measure increased 0.2% and core PCE was unchanged at 3.3%.
Cisco Systems shares fall about 8% after the company reported fourth-quarter fiscal 2026 revenue of $17.25 billion, adjusted EPS of $1.22 and issued fiscal 2027 guidance above estimates.
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling around 1% on Thursday. The Dow traded down 0.07% to 52,619.72 while the NASDAQ dipped 0.96% to 26,017.62. The S&P 500 also fell, dropping, 0.36% to 7,545.24. Leading and Lagging Sectors Health care shares jumped by 2.2% on Thursda
Gainers Symbol Name Price Change ($) Change (%) Volume (NYSE: XLI ) State Street Industrial Select Sector SPDR ETF 184.5287 1.169 0.63 1.8K (NYSE: XLF ) State Street Financial Select Sector SPDR ETF 55.0784 0.298 0.54 75.0K (NYSE: XLB ) State Street Materials Select Sector SPDR ETF 51.2800 0.260 0.50 3.7K (NYSE: XLE )
Gainers Symbol Name Price Change ($) Change (%) Volume (NYSE: XLC ) State Street Communication Services Select Sector SPDR ETF 108.900 1.770 1.65 18.2K (NYSE: XLV ) State Street Health Care Select Sector SPDR ETF 158.960 0.300 0.18 7.8K (NYSE: XLY ) State Street Consumer Discretionary Select Sector SPDR ETF 117.350 0.0