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need to know
GoPro stock drops after key supplier’s outlook
Vera Bradley soars on results, upbeat outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Never use a market order when stocks are selling off

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA


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171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
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Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
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/quotes/zigman/12633936/realtime 4,636 -140 2.94%
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/quotes/zigman/3870025/realtime 1,914 -58 2.96%
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/quotes/zigman/629063/realtime 2,291 -4 0.17%
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/quotes/zigman/662444/delayed 1,137 -3 0.24%
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/quotes/zigman/2331095/delayed 44.73 -0.68 1.50%
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/quotes/zigman/3173262/delayed 6,059 +1 0.01%
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/quotes/zigman/2380246/delayed 10,025 +10 0.10%
CAC 40
/quotes/zigman/3173214/delayed 4,545 +4 0.08%
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/quotes/zigman/5986735/delayed 18,095 -70 0.39%
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/quotes/zigman/1859015/delayed 3,160 -6 0.20%
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/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.49%
Yen
/quotes/zigman/16008150/realtime/sampled 120.12 +0.75 0.63%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.18%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.73 +0.36 0.37%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.50 +0.33 0.37%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 +0.01 0.58%
German 10y
/quotes/zigman/15866409/realtime 0.79 -0.01 1.41%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 0.00 0.08%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.66%
U.K. 10yr
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/quotes/zigman/3134148/delayed 14 0 0.92%

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Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
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GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
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5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Pampering Makes a Comeback

If American consumers seem to be carrying less stress in their shoulders, it could be because spending is growing faster at spas than stores.

iStockPhoto

People are buying more stuff, retail sales data released Tuesday shows. Spending rose 4.2% on the year during last week, according to the International Council of Shopping Centers-Goldman’s weekly measure of major retail chains. But they’re buying even more backrubs and beauty treatments and products, according to data from Sageworks, a financial information company. The net profit margin on personal care services – spas, salons, weight-loss clubs – grew to 9% in 2011, more than double the rate before and during the 2008 recession, with sales up nearly 5% last year. “Consumers appear to be going to the salon more often and spending more when they do,” says Sageworks analyst Greg Mulholland. “They’re more comfortable spending money on themselves.”

Sales of beauty products are also rising, experts say. The so-called prestige beauty products sold primarily by department stores saw an 11% spike to $9.5 billion last year, according to a study released last month by the NPD Group, a market researcher. All the top brands of skincare, fragrance and skincare sales exceeded pre-recession levels. Though many consumers remain antsy, sales of high-end beauty products are bucking broader trends, according to Karen Grant, vice president at the NPD Group. “In the 15 years that NPD has been tracking the prestige beauty industry, we have never seen growth like this,” she says. The high-end products account for almost a third of the total $33 billion cosmetics and beauty product market, according to the Commerce Department.

Also See:

The beauty industry also accounts for much of the recent increase in service spending, analysts say. Services grew 1.2% in March, up from 0.4% the previous month, government data released last week shows. “During the recession women spent more on their kids but not on themselves,” says independent retail analyst Jeff Green. “Strangely, they do appear to be getting more massages and weekly manicures.” Massage Envy, a salon with 772 outlets across the country, added 134 franchises to its chain from January to April, a 60% jump on the 84 outlets added during 2011. We had a record-setting number of franchises agreements in April alone,” says Lori Merrall, the group’s national director of franchise sales. Three quarters of those new stores were opened by existing franchises, she says, reflecting an increase in demand.

That said, some wonder whether this kind of discretionary spending can last given rising gas prices, stagnant personal income and the still uncertain economic outlook. Peter Schiff, CEO of brokerage firm Euro Pacific Capital in New York, says economic activity is already too heavily dependent on consumption. Robert Brusca, chief economist at Fact & Opinion Economics, says personal consumption growth rate of 3% or more is unlikely to be sustainable throughout 2012, which doesn’t bode well for retail sales. But Brusca says spending on beauty salons and other services helps to sustain employment. “People typically spend for two reasons,” he says. “They’re either very confident or, if they get into debt, very desperate. This is a sign of the consumer becoming more confident.”

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MarketWatch - Stock Market Quotes, Business News, Financial News

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.6% /quotes/zigman/38649152/delayed DOW +0.6% /quotes/zigman/30356458/delayed NASDAQ +0.7%

need to know
GoPro stock drops after key supplier’s outlook
Vera Bradley soars on results, upbeat outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Never use a market order when stocks are selling off

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA


/conga/frontpage.html 353916

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,291 -4 0.17%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Oil
/quotes/zigman/2331095/delayed 44.71 -0.70 1.54%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 +0 0.01%
DAX
/quotes/zigman/2380246/delayed 10,026 +10 0.10%
CAC 40
/quotes/zigman/3173214/delayed 4,545 +4 0.08%
FTSE MIB
/quotes/zigman/1482176/delayed 21,581 +129 0.60%
IBEX 35
/quotes/zigman/2759620/delayed 9,944 -49 0.49%
Stoxx 600
/quotes/zigman/2380150/delayed 353 0 0.10%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -15 0.54%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.49%
Yen
/quotes/zigman/16008150/realtime/sampled 120.12 +0.75 0.63%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.18%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.73 +0.36 0.37%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.50 +0.33 0.37%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 +0.01 0.58%
German 10y
/quotes/zigman/15866409/realtime 0.79 -0.01 1.41%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 0.00 0.08%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.70%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 45 -1 1.54%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Corn
/quotes/zigman/7599553/delayed 368 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,191 +104 0.65%
S&P F
/quotes/zigman/30356461/delayed 1,927 +11 0.57%
Silver
/quotes/zigman/3134148/delayed 14 0 0.92%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/85741/composite TASR-3.85%
  • /quotes/zigman/130316/composite NAV-2.69%
  • /quotes/zigman/219890/composite HRB-3.15%
  • /quotes/zigman/11592504/composite DGLY-5.64%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

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