economy
Tuesday's big stock stories: What’s likely to move the market in the next trading session
The Dow Industrials dropped more than 270 points on Monday as oil prices rose and Treasury yields climbed. The three major averages posted back-to-back losses.
TL;DR
- Home Depot and BHP Group are set to report earnings, with their stocks showing mixed performance.
- The DRAM memory stock sector, including Micron, Western Digital, Sandisk, and Seagate, is under scrutiny due to data center demand, despite past volatility.
- Key economic data releases include July housing starts and industrial production figures.
- Amer Sports, owner of various sports brands, is also reporting, with its stock down from its February high.
- Fintech company Klarna, which recently underwent significant layoffs potentially related to AI, is also featured.
- Toll Brothers is scheduled to report earnings, and its stock has seen a modest increase in the past three months.
- Meta Platforms faces a critical lawsuit in California concerning its alleged impact on children and teens.
- Gold futures and the VanEck Gold Miners ETF (GDX) are experiencing upward trends but remain below their March highs.