Investors in the sports retailer, Goldman Sachs, Charles Schwab, and several others will be hoping for some good news soon.
Investors in Nike , Goldman Sachs , Charles Schwab , and others would have been much better off enjoying their vacations without regularly checking for stock price updates over the past couple of weeks.
Shares of Charles Schwab have fallen for 11 consecutive days—its longest losing streak since July 2004, when it fell for 16 straight trading days. The stock is down 14.4% over that time. It’s not been a great period for America’s largest banks either, with Goldman Sachs and Citigroup stocks both declining for seven consecutive days. Bank of America has fallen for six of the last seven days.
The airline’s earnings late last month disappointed investors, suggesting a softening of domestic demand. Southwest said it expects revenue per available seat mile to fall in the third quarter. In other words, it won’t make as much money from each passenger—a sign that both demand and fares are falling.
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