Stock Market Update
19-Aug-24 12:00 ET
Retailers mostly trade up in front of earnings
Dow +150.56
at 40810.32,
Nasdaq +53.64
at 17685.35,
S&P +20.20
at 5574.45
[BRIEFING.COM] The major indices trade off session highs.
This week's calendar features earnings results from many retailers, including Lowe's (LOW 243.97, +1.82, +0.8%), Target (TGT 146.04, +2.00, +1.4%), TJX (TJX 112.22, +0.77, +0.7%), Urban Outfitters (URBN 41.39, +0.65, +1.6%), Guess? (GES 21.81, -0.69, -3.1%), Ross Stores (ROST 147., 65, +0.25, +0.2%), and Dollar Tree (DLTR 100.95, +2.17, +2.2%).
Gains in some of the aforementioned names have acted as support for the consumer discretionary sector (+0.4%). Upside action in Tesla (TSLA 219.93, +3.84, +1.8%) has also provided some support to the consumer discretionary sector while a loss in Amazon.com (AMZN 176.41, -0.64, -0.4%) limits the sector's performance.
