168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples have taken up the lead if can you call it. That up about a quarter to a third of a percent. Theyre showing signs of life here in this particular down day. The financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterdays trade. On the idea that Interest Rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. The net interest margins, youll hear traders talking about financ
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
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The Cato Corporation Announces Regular Quarterly Dividend, Payable on June 24, 2024
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CATO Q1 Earnings Improve Y/Y on Lower Costs, Sales Down - Cato (NYSE:CATO)
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The Cato Corporation reported earnings results for the first quarter ended May 04, 2024. For the first quarter, the company reported revenue was USD 177.1 million compared to USD 192.05 million a year.