5 Things to Know Before The Stock Market Opens [Video]

Home improvement retailer Lowe’s (LOW) reported better-than-expected earnings but projected continued weakness in DIY spending, Macy’s (M) said it will close 150 stores and projected stagnant sales, Hess (HES) shares were down after Chevron (CVX) warned its $53 billion acquisition of the smaller firm could be in jeopardy, and Chinese e-commerce giant Shein is reportedly looking into listing its shares in London rather than New York. Here’s what investors need to know today

Lowe’s Companies Inc. (LOW) reported quarterly sales and profit figures that topped analysts’ expectations but predicted sales will decline in 2024 as the home improvement retailer contends with continued softness in DIY spending. Lowe’s recorded earnings per share of $1.77 for the quarter ended Feb. 2, up from $1.58 in the comparable period last year, while total sales for the quarter fell to $18.6 billion from $22.4 billion in the prior year quarter. Both …