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Stocks Rise After Morning's Weakness
Aug 15, 4:36 PM ET |
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| Market's early morning jitters were forgotten by the end of the day and stocks managed to rise. Oil declined. Lowe's deliver 20% earnings growth. |
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| Ahead of several economic data on inflation, labor market and housing starts this week, market showed little in interest in bidding share prices higher. The tech sector had few winners including Apple, Agilent, Qualcomm, Texas Instruments and Komag. Lowe's confident outlook for the rest of the year may help housing market in the coming days. |
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Quiet Day of Trading
Aug 15, 12:47 AM ET |
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| Crude-oil prices between $66 and $67 a barrel, the dollar gained against the euro, gold declined about $3, strong 2Q reports from Sysco and Lowe’s Cos |
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| Market is trading flat to a lower ahead of economic data coming out Tuesday. Crude-oil is still trading between $66 and $67 a barrel. Retail companies release quarterly reports. Sysco and Lowe’s released better-than-expected quarterly reports. Apple’s stock rose 3%. Delta Airlines fell ahead of bankruptcy. |
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Lower Opening
Aug 15, 10:51 AM ET |
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| Crude-oil prices at $66.37 a barrel, the greenback falls against the euro, gold futures decline, a strong 2Q report from retailer Lowe’s Cos. |
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| Market opened lower in contrast to expectations of high opening on government Key inflation figures release due this week. The Labor Department is releasing a consumer and producer price reports this week. Crude futures opened down 49 cents at $66.37 a barrel on eased refinery concerns. Retail companies release quarterly reports. |
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