TheStreet Live

U.S. stocks moved slightly higher on Thursday as Fed Chair Janet Yellen hinted at a near-term rate hike. Yellen is testifying on Capitol Hill Thursday morning. In prepared remarks released earlier, Yellen said an interest rate hike could come "relatively soon." Walmart reported mixed third quarter results. Earnings of $0.98 a share beat estimates of $0.96, but revenue of $118.2 billion fell short of Wall Street's estimates. Digital sales rose almost 21% year over year. The retailer's September acquisition of Jet.com was accounted for in part of the third quarter. Best Buy shares were in focus after reporting third quarter earnings of $0.62 a share, topping analysts' estimates of $0.47. Revenue rose 1.4% year over year to $8.9 billion, eclipsing estimates. TheStreet's Scott Gamm reports from Wall Street.

Federal Reserve Chairman Janet Yellen will like be asked about how President-elect Donald Trump's policies may impact the economy and interest rates. She will head to Capitol Hill for a day of Congressional testimony. Yellen's term expires in 2018 and Trump has indicated he would replace her as head of the Federal Reserve. Cisco Systems ( ) shares are suffering after the tech company beat earnings expectations for the previous quarter but warned about the current quarter. The company believes revenue will drop between 2% and 4% for the current period versus a 2% increase expected. Today, President-elect Trump will meet with Japanese Prime Minister Shinzo Abe, his first face to face meeting with a foreign leader. Abe says he wants to promote trust and emphasize the long standing alliance between the United States and Japan.

The Dow Jones Industrial Average snapped a seven-day winning streak to fall into the red as profit takers took advantage of its recent gains. The blue-chip index had closed at records for the previous four sessions. The S&P 500 ended lower and the Nasdaq higher. The U.S. dollar continued to benefit from the prospects of a Trump administration. The U.S. Dollar Index rose for its eighth straight day. The measure touched its best level since April 2003 earlier in the day. Fossil was upgraded to overweight with a $42 price target at Pacific Crest. Analysts noted that there's strong momentum in wearables. BP announced plans to cut as many as 80 jobs at an Indiana refinery. The cuts total around 3% to 4% of the facility's workforce.

The Dow Jones Industrial Average and S&P 500 held lower despite a surprise turnaround in crude oil prices. Crude shook off earlier losses after Russia's Energy Minister expressed high hopes of an OPEC deal. Crude had tumbled earlier in the session after the EIA reported that more than 5 million barrels of crude were added to U.S. stockpiles over the past week. The reading was more than triple what analysts expected. Confidence among homebuilders continued into November with the NAHB's index holding unchanged in positive territory. Sentiment has held above 60 for the past three months. Disney got a boost after Deutsche Bank upgraded its rating to BUY from HOLD. The firm has more confidence in the cable and consumer products business.

After four straight sessions of record high closes in the Dow Jones Industrial Average, the Donald Trump rally may finally be softening, with stocks moving lower early Wednesday. Though the blue-chip index remains close to the critical level of 19,000. Target shares were in focus after posting third quarter adjusted earnings of $1.04 a share, topping estimates of $0.83. Same store sales, an important industry metric, declined 0.2%, although analysts were expecting a deeper 1.1% fall. Digital sales rose 26%, compared to the 16% growth seen in the previous quarter. Shares of Lowe's Companies plunging after reporting third quarter earnings of $0.88 a share, missing Wall Street's estimates of $0.96. Revenue rose 9.6% year-over-year to $15.7 billion but fell short of forecasts. The home improvement retailer also lowered its full year earnings guidance. This as the company struggles to compete with Home Depot. TheStreet's Scott Gamm reports from Wall Street.

News from the American Petroleum Institute said that crude oil stocks surged by 3.6 million barrels last week. That exceeded analysts' expectations of a 1.5 million barrel rise and it's sending crude oil prices lower. Oil Tuesday made its biggest jump in 7 months as investors grew hopeful that OPEC will cut production in a few weeks. Lowe's ( ) missed on both earning and revenue. The home improvement retailer reported 88 cents a share in earnings, when 96 cents was expected. Earlier this year, Lowe's reported a soft second quarter and lowered its guidance for the year. Twitter ( ) has suspended a number of accounts associated with the so-called 'alt right' movement. The move comes the same day the social media service said it would crack down on hate speech. Among those suspended was Richard Spencer, who runs an alt-right think tank and had a verified account on Twitter. The alt-right is a loosely organized group that espouses white nationalism.

The Dow Jones Industrial Average stretched its winning streak into a seventh day, securing another closing record for its fourth session in a row. Crude oil gave Wall Street a jolt, jumping more than 5% to settle at a two-week high. Advance Auto Parts rallied in its best one-day performance in roughly three years. The auto retailer reported a 1% decline in same-store sales in its recent quarter, less than one-third the drop analysts had anticipated. Dick's Sporting Goods slumped after issuing weak guidance for its critical holiday-shopping quarter. The athletics retailer anticipates current-quarter earnings no higher than $1.31 a share, falling short of consensus. Stratasys plummeted after falling short of third-quarter revenue targets and guiding for a weaker-than-expected full year. The 3D printing company said it is making progress with its sales turnaround.

The S&P 500 shook off recent pressure to move higher as rising crude oil gave the energy sector a big boost. A rebound rally in crude put it on track for its best daily percentage gain since late September. United Continental shares rose as it kicked off its Investor Day in Chicago, outlining a number of new strategies to pump up profits. The airline expects to generate $4.8 billion in additional earnings a year by 2020. Vodafone was slightly lower after taking a 5 billion euro write down on its India business tied to increasing competition in the region. The telecom still expects to meet its full year goals thanks to a strong performance in Europe. JD.com , China's second-largest e-commerce company, surged after posting 38% growth in sales over its third quarter. JD also guided for a solid fourth quarter.

U.S. stocks were mixed early Tuesday, after the Dow Jones Industrial Average closed at another record high on Monday. Retail sales for October rose 0.8%, while analysts were expecting a 0.6% increase. Consumers spent more money on autos, building and gardening materials and gasoline. Meanwhile, Home Depot shares were in focus after topping Wall Street's third quarter earnings estimates. Same store sales rose 5.9% year over year. Revenue rose 6.1% compared to the same quarter a year ago and also eclipsed estimates. Retailer TJX Companies is also out with quarterly results. Revenue rose 7% year-over-year to $8.3 billion, topping Wall Street's forecasts of $8.2 billion. Same store sales rose 5%. TheStreet's Scott Gamm reports from Wall Street.

During the 3rd quarter, Warren Buffett's Berkshire Hathaway took stakes in American Airlines AAL, United Continental and Delta Airlines , according to a regulatory filing. Berkshire also made an investment in Southwest Airlines after the quarter ended, according to CNBC. Shares of all 4 airlines gained between 5% and 7% in after hours trading. Buffett has steered clear of airline stocks for decades. Home Depot beat on both earnings and revenue in the recent quarter. It also raised its full year guidance. The results were driven by an increase in both the number of people who made purchases in its stores and the amount that shoppers spent. The Trump team may choose an ex-Goldman Sachs banker as Treasury Secretary. Steve Mnuchin was the Trump campaign's finance director and is being recommended for the cabinet position, according to Bloomberg.