Stocks are mixed as investors mull the latest earnings reports from companies including Nvidia, Okta, and Cracker Barrel. Plus, US crude oil inventories rose.
Investors have a lot to digest this week, as the latest jobs data will likely be an important focus of attention. Plus, we’ll get a fresh look at U.S. consumer spending.
Consumer discretionary and communication stocks are leading gains, while utilities are lagging. Meanwhile, furniture firms Wayfair (W) and Williams-Sonoma (WSM) are falling sharply after a report suggested the Trump administration could boost tariffs on imported goods. That could weigh on the company’s bottom line, which is already facing stiff competition from online competitors. We’ll know more tomorrow after the August jobs report. We’ll take a closer look at that release in our next stock market update.