US stocks rise ahead of Powell speech; Salesforce shines, Foot Locker falls
Foot Locker (NYSE: FL) stock slumped 18% after the footwear retailer cut its annual earnings and sales forecasts as its fiscal third quarter disappointed on softer consumer spending trends. Crude prices rose Wednesday, boosted by heightened geopolitical tensions as well as the prospect of OPEC+ extending supply cuts against weaker demand.