DICK’s Sporting Goods ($DKS) — While tech companies are sending employees to the curb, DICK’s and other retailers are ramping up hiring for the holidays.
Since beating Q2 estimates a month ago, $DKS has been mostly flat, and investors piled in Tuesday in hopes that the huge seasonal hiring means the company has big plans for the holiday season.
$DKS shot up 8.15% on the day.
WTI Crude — Crude kicked off 2022 at $76/bbl.
On Tuesday, it closed at about $76/bbl. In between, it reached a high of $123/bbl.
To the delight of American drivers, the price has been steadily sinking since the middle of summer. A mix of tepid growth, a brawny dollar, and global interest rate hikes have put pressure on it since then.
Some traders think oil prices could spike again if Russian production grinds to a halt, but for now, it’s back where it started the year.
Crude gained 2.33% by the end of the day.
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