Tag: CarMax Inc.
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Dow scores 4-day win streak, but S&P 500 ends flat ahead of inflation data, bank earnings
[ad_1] U.S. stock indexes closed mostly lower on Tuesday as investors cautiously looked ahead to March inflation data due Wednesday that could help determine the Federal Reserve’s next interest-rate move. Corporate earnings reporting season also is set to kick off in earnest on Friday. How stock indexes traded The S&P 500 SPX, -0.00% closed less…
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CarMax says tighter lending hits car sales due to Fed rate hikes and bank jitters
[ad_1] CarMax Inc. signaled that higher interest rates at the Fed have started trickling down into the realm of car buying, as the used vehicle seller added tightening lending standards to a list of headwinds its business faces. Not only are banks and other lenders raising interest rates on loans to keep pace with benchmark-rate…