The lease terminations do not mean all the locations will close. In some cases, agencies may negotiate new leases to stay in place, downsize their existing space or relocate elsewhere.
They helped offset a drop for, which fell 7.3% even though it reported a stronger profit than expected. Its revenue fell short of analysts’ forecasts.
The electronics retailer also cut its forecasted ranges for revenue and profit over the full year on the assumption that “tariffs stay at the current levels for the rest of the year, and there is no material change in consumer behavior from the trends we have seen in recent quarters,” Chief Financial Officer Matt Bilunas said.Many companies have recently said that the uncertainty caused by tariffs is making it too difficult to offer any financial forecasts for the upcoming year.All told, the S&P 500 rose 23.62 points to 5,912.17. The Dow Jones Industrial Average added 117.03 to 42,215.73, and the Nasdaq composite gained 74.93 to 19,175.87.
In the bond market, Treasury yields eased following some mixed reports on the economy. One said that thein the first three months of the year than earlier estimated. Another said
last week than economists expected.
The yield on the 10-year Treasury fell to 4.43% from 4.47% late Wednesday.Carles Coll Marti of Spain competes in the men’s 200-meter breaststroke heat at the World Aquatics Championships in Doha, Qatar, Thursday, Feb. 15, 2024. (AP Photo/Lee Jin-man)
Carles Coll Marti of Spain competes in the men’s 200-meter breaststroke heat at the World Aquatics Championships in Doha, Qatar, Thursday, Feb. 15, 2024. (AP Photo/Lee Jin-man)Los Angeles Lakers forward LeBron James (23) shoots between New Orleans Pelicans guard Trey Murphy III and guard CJ McCollum in the second half of an NBA basketball play-in tournament game Tuesday, April 16, 2024, in New Orleans. The Lakers won 110-106. (AP Photo/Gerald Herbert)
Los Angeles Lakers forward LeBron James (23) shoots between New Orleans Pelicans guard Trey Murphy III and guard CJ McCollum in the second half of an NBA basketball play-in tournament game Tuesday, April 16, 2024, in New Orleans. The Lakers won 110-106. (AP Photo/Gerald Herbert)A man in a monk’s robe waves the French flag as the peloton passes during the sixth stage of the Tour de France cycling race over 163.5 kilometers (101.6 miles) with start in Macon and finish in Dijon, France, Thursday, July 4, 2024. (AP Photo/Daniel Cole)