Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.2%), and DJIA (+1.8%) now trade higher across the board as the market enters the final hour of the session. 

On the earnings front, lululemon athletica (LULU 124.72, -1.30, -1.04%) heads into tonight's report with a lot to prove. The stock has been under heavy pressure over the past year as North America demand has softened, markdowns have weighed on margins, and product execution has come under greater scrutiny. Shares have bounced modestly in recent weeks after LULU resolved its proxy fight with founder Chip Wilson and pointed to early signs of product traction, but tonight's report needs to show that those green shoots are becoming more meaningful. Investors will be looking for evidence that full-price selling is improving, markdown pressure is easing, and international strength remains strong enough to help support results despite a still-soft U.S. backdrop.