Fed outlook, Lowe's earnings, Biden's DNC speech
Description
Stock futures (^DJI, ^IXIC, ^GSPC) are mixed ahead of Tuesday's market open as the S&P 500 and Nasdaq Composite seek to extend their win streak. Simultaneously, investors are increasingly bullish on the idea that the Federal Reserve will cut interest rates by 25 basis points in September.
Home improvement retailer Lowe's (LOW) reported mixed second quarter results, posting revenue of $23.59 billion ($23.9 billion expected) and adjusted earnings of $4.10 per share ($3.97 per share expected). Lowe's cut its full-year guidance and sales forecasts on consumer pullbacks tied to housing market challenges.
President Biden delivered a keynote speech at the first night of Democratic National Convention (DNC) in Chicago, where he passed the baton to Vice President Kamala Harris in her 2024 presidential bid.
Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts.
Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show.
Send your thoughts and questions to yfpodcasts@yahooinc.com.
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn more about your ad choices. Visit megaphone.fm/adchoices
United States
