The stock market ended its first session of the week on a high note, as markets rallied back from Friday’s Fed-driven mixed and volatile session. While Wall Street rallied to kick off the week, volume and news flow was noticeably light with some traders already having stepped away from the desk in anticipation of the Labor Day holiday. Commodities were fairly quiet in today’s session with gold gaining $0.40, while crude oil pulled back, dropping almost 1.5%. A number of headlines over the weekend involving several OPEC members contributed to today’s selloff.
Dow Jones Industrial Average (+0.58%) ended ahead of the S&P 500 (+0.52%)
and Nasdaq Composite (+0.26%).
Today after the close the following companies were scheduled to report earnings: CTLT, EXA, PAHC, PSEC, SCSC
Futures are higher after hours: S&P 500 futures are +1.25 from fair value of 2,179 and Nasdaq100 futures are +3.62 from fair value of 4,792.
(HSY) shares are down 11.5% in extended trading after Mondelez (MDLZ) announced
it was no longer pursuing a potential combination with the chocolate maker
citing recent discussions and shareholder developments at
Tomorrow morning, economic reports scheduled to be released include: 1) Case-Shiller 20-city Index for June (9 AM, consensus 5.1%), and 2) Consumer Confidence for Aug (10 AM, consensus 97.0).
Tomorrow before the open the following companies are scheduled to report earnings: ANF, BNS, CBK, DSW, FRED, GIII, ISLE.