August will likely conclude as just the second negative month of 2019, but a month-end rally is set to continue today with U.S. stock futures showing strong gains.
August will likely conclude as just the second negative month of 2019, but a month-end rally is set to continue today as U.S. stock futures showed. The Thursday close for the Dow was the highest since Aug. 8, and the two-day gains for the Dow and S&P 500 are their largest since early June. Both have slashed their August deficits to about 1.9%, and the Dow, S&P 500, and Nasdaq are all set to break a string of four consecutive weekly losses.
Campbell Soup and Big Lots are out within premarket trading, after the cosmetics retailer lower its forward earnings guidance. Ulta's quarterly same-store sales increased less than expected. Earnings also missed estimates. Revenue was essentially in line. And just a reminder that today is still a full market day, ahead of the long weekend. We'll be back in your inbox Tuesday morning after Labor Day with the day's news.
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