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Wall Street stocks end mixed after bumpy day

AFP

US equities went for a ride Tuesday, ending the day mixed after bouncing around for most of the session as investors digested solid retail company earnings but disappointing housing data.

Shares started the day in the doldrums after data showed new US home construction dove in July, but were buoyed when Walmart reported a jump in revenues, with the retail giant also saying its annual profit would not be as bad as it predicted three weeks ago.

The Dow Jones Industrial Average gained 0.7 percent to finish the day at 34,152.01, while the broad-based S&P 500 was up 0.2 percent to 4,305.2.

Meanwhile, the tech-rich Nasdaq Composite Index retreated, falling 0.2 percent to end at 13,102.55 after recovering from the low point of the day.

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The weak housing data — new US home construction projects started in July tumbled 9.6 percent — gave rise to more fears about the economy since the real estate market drives a lot of other spending.

But manufacturing rebounded, according to Federal Reserve data.

And Walmart’s results indicated consumers are still spending, though the chain warned that it is seeing signs of shoppers holding off on buying some goods due to high prices. Home Depot also reported solid earnings.

And oil prices declined for the third day, on the hope for a boost in global supply, while US gas prices at the pump continued to drop further below $4 a gallon, in more good news for American families.

“We can’t say that Walmart had extraordinary results but it was better than expected. Overall Wall Street was too pessimistic,” Gregori Volokhine of Meeschaert Financial Services told AFP.

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“We can say that a large part of the rally was simply because people had positioned themselves wrong.”

Walmart shares jumped 5.1 percent on the positive results that came after the company slashed its profit forecast late last month.

Home Depot rose 4.1 percent following a 7.6 percent increase in quarterly earnings to $5.2 billion.

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International

Bolsonaro diagnosed with skin cancer amid coup conviction

Former Brazilian president Jair Bolsonaro has been diagnosed with skin cancer while serving a historic sentence for attempting a coup d’état. His medical team confirmed that the lesions have been removed and that, for now, he does not require further procedures, though he will need regular monitoring.

On Wednesday, September 17, Bolsonaro’s doctors confirmed the diagnosis. The announcement comes shortly after the former leader was convicted of orchestrating an attempted coup.

According to his physician, Claudio Birolini, Bolsonaro has “squamous cell carcinoma, which is neither the most benign nor the most aggressive form — it is intermediate.” Birolini warned, however, that this type of skin cancer “can carry more serious consequences.”

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International

Milei praises Paraguay’s growth, calls Argentina’s last 20 years a ‘decline’

Argentine President Javier Milei praised Paraguay’s economic growth over the past two decades during a speech before the Paraguayan Congress on Wednesday (Sept. 17, 2025), crediting it to incentives that favored capitalism. At the same time, he contrasted that progress with what he described as Argentina’s deepening “decline” during the same period.

“If we compare the last 20 years of Paraguay with those of the Argentine Republic, we will find almost diametrically opposite results,” Milei told lawmakers during a special session of Parliament on the second and final day of his official visit to Asunción.

“While you have not stopped growing, we have deepened our decline. If we understand incentives as the engine of capitalism, Paraguay focused on preserving and strengthening them, while Argentina dedicated itself to chaining, directing, and suffocating them,” the right-wing leader stated.

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International

Trump administration launches large-scale immigration operation in Chicago

The administration of U.S. President Donald Trump intensified a large-scale immigration operation in the Chicago area with the arrival of additional Border Patrol agents on Tuesday and the presence of Department of Homeland Security (DHS) Secretary Kristi Noem during a raid.

Noem posted a video on her X account showing the immigration operation, in which DHS reportedly removed “violent criminals” from the streets. The footage shows Noem observing the arrest of a man taken into custody at his home early Tuesday morning at an undisclosed location.

“I was in Chicago today to make it clear that we will not back down,” the secretary wrote. “Our work is just beginning,” she added.

The warning from Noem was echoed by U.S. Customs and Border Protection (CBP) Chief Gregory Bovino, who posted a video on X Tuesday showing multiple Border Patrol vehicles arriving in the city with the caption: “Chicago, we are here!”

Bovino, who led the immigration crackdown in Los Angeles implemented since last June, said the team will remain in Chicago to continue the mission they started in California.

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Operation “Midway Blitz” is currently focused on the Chicago metropolitan area and its suburbs. Activists and residents have reported sightings of masked agents and unmarked vehicles in predominantly Latino neighborhoods.

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