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The benchmark U.S. indexes were all lower with the Nasdaq retreating from a closing record set on Thursday. Retail shares, however, were rallying after better-than-expected earnings from Gap Inc. . The retailer reported its fourth consecutive quarter of same-store sales growth. During the fiscal third quarter, same-store sales jumped 3%. Earnings of 58 cents a share exceeded estimates of 54 cents, and sales of $3.84 billion surpassed expectations. Gap also increased its full-year earnings guidance to $2.08 to $2.12 to share, up from $2.02 to $2.10. Shares of Twenty-First Century Fox jumped higher following reports that Comcast Corp. and Verizon Communications Inc. have expressed interest in acquiring assets from the Rupert Murdoch-founded media conglomerate. Similar to Disney , those two are interested in buying some of Fox's assets including its movie studio and cable business. Comcast is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells CMCSA? Learn more now. Tesla Inc. shares were moving higher after CEO Elon Musk unveiled on Thursday a new electric-powered semi tractor-trailer truck. Trucking company J.B. Hunt Transport Services Inc. announced on Friday that it placed a reservation for "multiple" Tesla Semi tractor-trailer trucks. Musk also made a surprise announcement of a new roadster that he said would be the fastest production car ever, with a top speed of 250 mph.

A better-than-expected quarter from Cisco Systems Inc. drove gains in the tech sector and pushed the Nasdaq to a closing high. The rest of Wall Street also rose after the House passed a GOP tax plan, the first step towards a corporate tax cut. Time Inc. was higher on reports the publisher is discussing a sale to Meredith Corp. . The Koch brothers are reportedly putting up more than $500 million in equity to back a Meredith offer. T-Mobile US Inc. rose after its chief financial officer said the company would propose a significant share buyback program for the board to decide on this month. Buybacks could begin as early as December. Barnes & Noble Inc. was sharply higher in afternoon trade on reports Sandell Asset Management had made an offer to take the bookstore retailer private. The reported deal values the company at more than $650 million. Watch More with TheStreet: Women Are Better Investors Than Men -- Blame Testosterone Girls Who Code Has Invaded Microsoft and Facebook 5 Ways Companies Are Using AI to Secretly Change Your Life Gunmakers Are Offering Black Friday Bargains Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Wall Street moved higher as positive earnings reports from Walmart Stores Inc. and Cisco Systems Inc. drove gains in the retail and tech spaces. The Dow rose triple digits while the rest of stocks were on track to close higher for the first time in three days. Walmart, the world's largest retailer, traded at records after reporting its ninth consecutive quarterly earnings beat. Revenue surged more than 4%, while U.S. e-commerce sales rocketed 50% higher. Best Buy Co. Inc. was shut out of retail gains after missing third-quarter sales estimates and issuing a weak forecast. Domestic same-store sales increased 4.5%, coming in below targets. Cisco was on a tear after topping first-quarter earnings estimates. Revenue over its recent three-month period was led by sales in its security segment. The company anticipates sales growth of 1% to 2% in its current quarter. Watch More with TheStreet: Here's Everything You Need to Know About Bitcoin Exchange Traded Funds GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other 11 Why Jim Cramer Won't Buy Amazon Here Who Might Buy CNN? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Stocks finished largely lower with the three benchmark indexes all closing in the red. Shares of Dick's Sporting Goods Inc. fell after the company issued downbeat earnings outlook for 2018. The sporting goods retailer said 2018 earnings could drop as much as 20%. The company topped third-quarter estimates on Tuesday, posting adjusted earnings of 30 cents a share on revenue of $1.94 billion. Advance Auto Parts Inc. shares jumped higher despite posting mixed third-quarter results. Adjusted earnings of $1.43 a share beat expectations, but revenue of $2.18 billion missed forecasts. The company also posted a wider-than-expected decline in same-store sales, down 3.4%. Shares of TJX Cos. Inc. declined after the company said comparable sales for this quarter were flat, missing estimates. The parent company of TJMaxx and Marshalls reported earnings of $1 per share, which was in-line with analyst expectations, and sales of $.8.8 billion, which just missed estimates. Watch More with TheStreet: Jim Cramer Reveals What to Watch in Target's Earnings Jack Ma: Alibaba CEO or International Man of Mystery? Augmented Reality Beauty - Try Before You Buy GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other 11 Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Stocks fell as investors turned their attention from corporate concerns to Capitol concerns, as markets continued to grapple with uncertainty over the fate of U.S. tax legislation. General Electric Co. was the Dow's worst performer on Tuesday, trading under $18 a share. Investors continued to sell off the stock after the industrial conglomerate cut its dividend for the second time in a decade. The company also slashed its 2018 profit forecast. Shares of Buffalo Wild Wings Inc. soared more than 20% after private-equity firm Roark Capital Group reportedly has made a $2.3 billion bid for the restaurant chain. The bid came just months after CEO Sally Smith announced she would retire by year-end amid pressure from activist investors. Home Depot Inc. shares were slightly higher after reporting a top- and bottom-line beat for the third quarter. The largest U.S. home improvement chain posted earnings of $1.84 a share, topping forecasts by 2 cents. Revenue of $25.03 billion also beat Wall Street estimates. Comparable sales at U.S. stores rose 7.7% in the third quarter. Watch More with TheStreet: GE CEO John Flannery Has a Tough Task, Jim Cramer Says 5 of the Most Unexpected Retail Partnerships Does Your Daughter Code? Here's How Computer Science Is Changing the World GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other 11 Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

An uncertain day ended with small gains for benchmark indexes, snapping a two-day losing streak for the Dow Jones Industrial Average and S&P 500. Wall Street held onto those gains through to the close even as General Electric Co. suffered its worst day since 2009. JD.Com Inc. rallied after pulling in $19 billion in China's Singles' Day over the weekend and posting an unexpected profit over its recent quarter. Revenue rose 39% over the three months to September. NVIDIA Corp. was upgraded to MARKET PERFORM from UNDERPERFORM at BMO Capital after the chipmaker reported a better-than-expected quarter last week. Analysts pointed to outperformance at its datacenter operations. Brookfield Property Partners confirmed plans to purchase GGP Inc. . Brookfield already owns just over a THIRD of the real estate investment trust and hopes to buy out the remainder with cash and stock. Watch More with TheStreet: What Will Bill Gates' $80 Million "Smart City" Look Like? What Under Armour's CEO Told Jim Cramer Girls Who Code Founder: Losing a Congressional Election Made Me Brave How Much Do You Know About Farmer's Markets? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Stocks returned from the weekend in an uncertain mood. Benchmark indexes gave back losses earlier in the day to trade close to the flatline. Wall Street had pulled back over the previous two sessions on worries over the passage of tax cuts. General Electric Co. was the biggest drag on the Dow after halving its quarterly dividend, the second cut since the Great Depression. The company last cut its dividend in 2009. The industrials company also slashed its 2018 adjusted earnings forecast. Qualcomm Inc. rose after rejecting rival Broadcom Ltd.'s $103 billion takeover offer. The chipmaker said the deal undervalued its worth. Qualcomm also said it's uncertain the deal would pass regulatory muster. In more deal news, Mattel Inc. rallied around 20% on reports of takeover interest from Hasbro Inc. . The toymaker was trading at its highest level since early August. Watch More with TheStreet: Jim Cramer Reacts to General Electric's Dividend Cut Girls Who Code Founder: Losing a Congressional Election Made Me Brave Shark Tank Star Kevin O'Leary Reveals How to Buy a Fraction of a Stock Share What Will Bill Gates' $80 Million "Smart City" Look Like? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

The Nasdaq was able to recover from its earlier decline to close trading in positive territory Friday. It was the lone index to reverse its fortune as the S&P 500 and Dow Jones continued their losing streak.Those two averages posted their first weekly loss in 9 weeks Nvidia was able to go against the grain and gain nearly 6% on heavy volume after the chip maker and action alerts plus holding blew analysts earnings expectations out of the water. The company continues to see strength in its video game division while returns from its data center segment are increasing. Nvidia hit an all-time Friday and the stock has more than doubled year to date. Billionaire Rob Baron of Baron Capital defended his firm's $500 million bet on struggling electric vehicle company Tesla on CNBC Friday. Baron said that he believes that his fund will make back 20 times that amount over the next 15 years. Currently, Baron Capital's returns sit at about $150 million in the three years since it first purchased a stake in the venture. Watch More with TheStreet: It's Officially Time to Start Thinking About Year-End Tax Planning Best Luxury Hotel Amenities for the Business Traveler Here Is How Millennials Can Get Rich From Exchange Traded Funds What Does Alibaba Actually Do? Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Uncertainty in Washington was weighing on Wall Street Friday as stocks retreated for the second consecutive session after the details of the Senate version of the tax reform bill were made public. It doesn't look like tax reform will be a smooth process, and markets responded by sending all three averages lower. Nvidia was able to go against the grain and gain nearly 6% on heavy volume after the chip maker and action alerts plus holding blew analysts earnings expectations out of the water. The company continues to see strength in its video game division while returns from its data center segment are increasing. JC Penney shares jumped nearly 15% in the morning session after reporting a narrower loss than analysts expected for the quarter. The company lost 33 cents per share, beating estimates by a dime. Just last month the company lowered its profit expectations. So in essence the company lowered the bar so it could easily jump over it. A strategy that investors are rewarding Friday. Watch More with TheStreet: Why Apple Could Gain Another 12% What Does Alibaba Actually Do? House GOP Tax Plan Smacks the Middle Class Veterans Day Freebies That Are Likely in Your Neighborhood Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Stocks were sharply lower Thursday as concerns over the timing of tax legislation remained at the front of investors' minds. The Dow Jones Industrial Average fell as much as 0.4%, with only a handful of its components finishing the day in the green. The S&P 500 Index slid as much as 0.3% and the Nasdaq struggled to manage a cumbersome tech sector, dipping as much as 0.6%. Senate Republicans could reportedly delay tax legislation until 2019. The thought of waiting more than a year for tax reform weighed on stocks, which have risen steadily since President Trump was elected on the expectation of more business-friendly tax law. There's also trouble with the House bill. The CBO found that the plan as written would raise the deficit by around $1.7 trillion over a decade. That surpasses the $1.5 trillion threshold needed so the House can vote along party lines, according to Senate rules. Any more than that and the bill would require 60 votes to pass, meaning Republicans would have to court votes across the aisle. In retail earnings news, Macy's Inc. shares jumped by the market close Thursday after the company topped analyst expectations for the third quarter. Earnings totaled 23 cents per share, which topped the forecast of 19 cents per share. The earnings beat was enough to detract from a gruesome 4% decline in same store sales. This was the 11th straight quarter of comp sales declines for Macy's. Initial jobless claims rose in the past week, though a monthly average fell to its lowest level since March 1973. The number of new claims for unemployment benefits increased by 10,000 to 239,000 in the week ended November 4, according to the Labor Department. Analysts expected a reading of 231,000. The less volatile four-week average dipped by 1,250 to 231,250. Watch More with TheStreet: 5 Things You Should Know About Tech Giant Nvidia Which Retailers Are Kicking Off Black Friday on Thanksgiving Day? If Bitcoin Can Surge to $8,000 It Can Reach $80,000, Peter Schiff Says Networking Is a Skill and Women Need to Do a Better Job At It Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.