|
 U.S. stocks opened higher, putting key equity benchmarks on course for a third straight positive session, after reports that Germany was open to the use of deficit spending in the event of a recession. President Donald Trump's remarks that the U.S economy was doing well also helped to draw investors into risky assets. The S&P 500 rose 1% to 2,918. The Dow Jones Industrial Average advanced 323 points, or 1.2%, to around 26,209. The Nasdaq Composite was up 1.4% to 8,010. In company news, shares of Estee Lauder Cos. climbed 10% on Monday after its earnings beat expectations and the skincare company issued upbeat guidance.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Target Corp. said Monday that it is launching its largest privately-owned food and beverage brand, Good & Gather, in stores and online on September 15. By the end of 2020, the brand will include more than 2,000 products, including dairy, granola bars, and sparkling water. Target plans to phase out its existing brands, Archer Farms and Simply Balanced, and cut the number of items in the Market Pantry brand. Target is scheduled to announce its second-quarter earnings on August 21. Target stock is up 1.4% in premarket trading, and up 27.4% for the year to date. S&P 500 index is up 15.2% for 2019 to date.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Stocks look ready for another rally early Monday as bond yields continued to recover and a slate of retail earnings lie ahead. Hopes for progress in China talks and rumors of a possible German economic stimulus also could be playing into strength.
|
|
LEJU earnings call for the period ending June 30, 2019.
|
RELATED ARTICLES | | | | |
|
Private Label