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Stocks Dip Even With Traders Hopeful For September Rate Cut; Bonds Extend Rally, Oil Plummets: What’s Driving Markets Tuesday?

Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets.

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Bath & Body Works Clings To Q1 Profit Growth Amid Shaky International Sales: Details

Bath & Body Works exceeded analyst expectations with a Q1 FY24 sales of $1.38 billion, up from the estimated $1.36 billion. The company saw a gross profit increase of 1.7% Y/Y to $606 million, with a margin of 43.8%. Adjusted EPS was $0.38, beating the forecast of $0.32. The retailer holds $855 million in cash and equivalents as of May 4, 2024.

BBWI