NEW YORK, NY / ACCESS Newswire / January 21, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Signet

NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Signet Jewelers Limited ("Signet") (NYSE:SIG) concerning possible violations of federal securities laws.

NEW YORK, NY / ACCESSNEWSWIRE / January 20, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Signet

The major indexes rose Tuesday on lower-than-expected December producer price index numbers. Palantir looks to end a losing streak.

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Tuesday. The Dow traded up 0.50% to 42,509.79 while the NASDAQ rose 0.25% to 19,135.49. The S&P 500 also rose, gaining, 0.33% to 5,855.26.

Most U.S. stocks rose following an encouraging update on inflation, but drops for Eli Lilly and some other influential stocks kept indexes in check

Signet Jewelers Limited ( NYSE: SIG) slumped in early trading on Tuesday after the company announced disappointing preliminary sales for the ten-week holiday shopping period that ended on January 11 and issued Q4 guidance.

Stubbornly high readings on inflation and a run of better-than-expected readings on the U.S. economy have sent Wall Street into a weekslong rut, pulling it further from the dozens of all-time highs set last year. The fear is that all the strong data will convince the Federal Reserve to deliver less relief this year through lower interest rates.

The stock market rallied into Donald Trump's inauguration as president. New $TRUMP meme coin surged while TikTok says it will restore service.

Like many other consumer discretionary retailers, Signet is feeling the pressure from consumers looking for deals and promotions. The past few years of food and housing inflation, along with the post-pandemic yearning for spending on experiences, have taken their toll on discretionary goods sales, such as jewelry.

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The stocks were slammed last week, when Nvidia’s CEO said it would take decades for the technology to become “very useful.”