Dick’s Sporting Items, State Avenue rise; Nordstrom falls

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Dick’s Sporting Goods Inc. rose $ 15.21 to $ 129.60.

The sporting goods chain reported a surge in sales, a special dividend and doubled its share buyback program.

Nordstrom Inc. fell $ 6.67 to $ 31.14.

The retailer said its quarterly sales were still below the pre-2019 pandemic period.

Toll Brothers Inc. increases $ 2.62 to $ 63.66.

The home builder reported profits that were well above the analysts’ forecasts.

Avnet Inc. rose 81 cents to $ 40.45.

The tech company increased its dividend 9.1%.

State Street Corp. up $ 2.43 to $ 92.

Rising bond yields helped bank stocks by allowing banks to charge higher interest rates on loans.

Urban Outfitters Inc. dropped $ 3.87 to $ 36.86.

Investors were disappointed with the retailer’s third quarter outlook.

Microchip Technology Inc. rose $ 3.40 to $ 151.45.

The company announced a 2-for-1 stock split that will take place in October.

Digital Realty Trust Inc., down $ 2.95 to $ 158.63.

Real estate funds were one of the sectors that lagged the rest of the market.

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