Stock Market News for Sep 3, 2024

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Stock Market News for Sep 3, 2024

Zacks09-03

Market News U.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed ...

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RexLim
·09-04
All the index are still dropping...just another harvest investor red day
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The Nasdaq, the Dow and the S&P 500 all closed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market News for Sep 3, 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market News for Sep 3, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-03 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market News\nU.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VOO","symbol_name":"Vanguard标普500ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html","article_id":"2464386564","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Cy9ojrRkOFpxpt6BHNh7SA--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8ef48b6ea433c9abb4d2052d84ed2fa0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464386564","pubTimestamp":1725369840,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. 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For the week, the Nasdaq slipped 0.08%, the S&P 500 declined 0.04%, and the Dow edged down 0.09%.For the month, the S&P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VOO":"Vanguard标普500ETF","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4559":"巴菲特持仓","OEF":"标普100指数ETF-iShares","LULU":"lululemon athletica","BK4581":"高盛持仓",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","OEX":"标普100","XLY":"消费品指数ETF-SPDR可选消费品","IVV":"标普500指数ETF","BK4202":"服装、服饰与奢侈品","UPRO":"三倍做多标普500ETF","BK4534":"瑞士信贷持仓","BK4170":"电脑硬件、储存设备及电脑周边","XLB":"材料ETF","BK4535":"淡马锡持仓","BK4550":"红杉资本持仓","SSO":"两倍做多标普500ETF","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","SH":"标普500反向ETF","BK4515":"5G概念","BK4588":"碎股","SPXU":"三倍做空标普500ETF","COMP":"Compass, Inc.","BK4504":"桥水持仓","XLK":"高科技指数ETF-SPDR","SPY":"标普500ETF","DELL":"戴尔"},"translate_title":"2024年9月3日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLY":1,"XLK":1,"XLB":1,"VOO":0.9,"LULU":0.9,"SPY":0.9,"COMP":0.9,"DELL":0.8,"IVV":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,".SPX":0.6,"ESmain":0.6},"content_text":"Market News\nU.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed in positive territory. Wall Street was closed on Monday to observe Labor Day. However, the last month was a strong one for Wall Street.\nHow Did The Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) rose 0.6% to close at 41,563.08. Notably, 26 components of the 30-stock index ended in negative territory, while four ended in positive zone. The tech-heavy Nasdaq Composite climbed 1.1%, to close at 17,713.62. The S&P 500 gained 1%, to close at 5,648.40. Eight of the 11 broad sectors of the benchmark index closed in the green. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK) and the Materials Select Sector SPDR (XLB) rose 1.5%, 1.3% and 1.1%, respectively.The fear-gauge CBOE Volatility Index (VIX) slid 4.2% to 15.00. A total of 11.2 billion shares were traded on Friday, lower than the last 20-session average of 11.4 billion. The S&P 500 posted 79 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 84 new highs and 77 new lows.\nInflation Ticks Up in July, Supporting Likely Fed Rate Cut\nInflation in the United States showed a slight increase in July, with the personal consumption expenditures (PCE) price index rising 0.2% for the month and 2.5% year over year. The core PCE index, which excludes volatile food and energy prices, also rose by 0.2% monthly and 2.6% annually. Per BEA data, personal income increased by $75.1 billion or 0.3% in July. Disposable personal income increased $54.8 billion or 0.3%. Personal spending increased 0.5%. These inflation statistics indicate a sense of stability and support the anticipation that the Federal Reserve will proceed with a rate reduction in September by a modest 25 basis points rather than a more substantial 50-basis-point decrease.\nMixed Earnings\nLululemon Athletica Inc. LULU reported second-quarter 2024 adjusted earnings of $3.15 per share, outpacing the Zacks Consensus Estimate of $2.92 per share. The apparel company generated total revenues of $2.37 billion, lagging the Zacks Consensus Estimate of $2.4 billion. Its shares ended 0.2% higher on Friday. Dell Technologies Inc. DELL reported second-quarter 2024 adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.74 per share. This computer and technology services company generated total revenues of $25.03 billion, beating the Zacks Consensus Estimate of $24.29 billion. Consequently, the shares of Dell Technologies returned 4.3%. Dell Technologies carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nWeekly Summary\nFor the week, the Nasdaq slipped 0.08%, the S&P 500 declined 0.04%, and the Dow edged down 0.09%.\nMonthly Roundup\nFor the month, the S&P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDell Technologies Inc. (DELL) : Free Stock Analysis Report\nlululemon athletica inc. (LULU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":345809676374240,"gmtCreate":1725431670979,"gmtModify":1725431675121,"author":{"id":"4103022840742960","authorId":"4103022840742960","name":"RexLim","avatar":"https://community-static.tradeup.com/news/5c446f5b976fd917e1981561c73c939b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4103022840742960","idStr":"4103022840742960"},"htmlText":"All the index are still dropping...just another harvest investor red day&nbsp;","listText":"All the index are still dropping...just another harvest investor red day&nbsp;","text":"All the index are still dropping...just another harvest investor red day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345809676374240","repostId":2464386564,"repostType":2,"repost":{"id":"2464386564","pubTimestamp":1725369840,"share":"https://ttm.financial/m/news/2464386564?lang=&edition=fundamental","pubTime":"2024-09-03 21:24","market":"us","language":"en","title":"Stock Market News for Sep 3, 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2464386564","media":"Zacks","summary":"U.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed in positive territory. Wall Street was closed on Monday to observe Labor Day. However, the last month was a strong one for Wall Street.Inflation Ticks Up in July, Supporting Likely Fed Rate Cut. For the week, the Nasdaq slipped 0.08%, the S&P 500 declined 0.04%, and the Dow edged down 0.09%.For the month, the S&P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.","content":"<html><body><h2>Market News</h2>\n<p>U.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&amp;P 500 all closed in positive territory. Wall Street was closed on Monday to observe Labor Day. However, the last month was a strong one for Wall Street.</p>\n<h2>How Did The Benchmarks Perform?</h2>\n<p>The Dow Jones Industrial Average (DJI) rose 0.6% to close at 41,563.08. Notably, 26 components of the 30-stock index ended in negative territory, while four ended in positive zone. <br/><br/>The tech-heavy Nasdaq Composite climbed 1.1%, to close at 17,713.62. The S&amp;P 500 gained 1%, to close at 5,648.40. Eight of the 11 broad sectors of the benchmark index closed in the green. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK) and the Materials Select Sector SPDR (XLB) rose 1.5%, 1.3% and 1.1%, respectively.<br/><br/>The fear-gauge CBOE Volatility Index (VIX) slid 4.2% to 15.00. A total of 11.2 billion shares were traded on Friday, lower than the last 20-session average of 11.4 billion. The S&amp;P 500 posted 79 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 84 new highs and 77 new lows.</p>\n<h2>Inflation Ticks Up in July, Supporting Likely Fed Rate Cut</h2>\n<p>Inflation in the United States showed a slight increase in July, with the personal consumption expenditures (PCE) price index rising 0.2% for the month and 2.5% year over year. The core PCE index, which excludes volatile food and energy prices, also rose by 0.2% monthly and 2.6% annually. <br/><br/>Per BEA data, personal income increased by $75.1 billion or 0.3% in July. Disposable personal income increased $54.8 billion or 0.3%. Personal spending increased 0.5%. These inflation statistics indicate a sense of stability and support the anticipation that the Federal Reserve will proceed with a rate reduction in September by a modest 25 basis points rather than a more substantial 50-basis-point decrease.</p>\n<h2>Mixed Earnings</h2>\n<p>Lululemon Athletica Inc. LULU reported second-quarter 2024 adjusted earnings of $3.15 per share, outpacing the Zacks Consensus Estimate of $2.92 per share. The apparel company generated total revenues of $2.37 billion, lagging the Zacks Consensus Estimate of $2.4 billion. Its shares ended 0.2% higher on Friday. <br/><br/>Dell Technologies Inc. DELL reported second-quarter 2024 adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.74 per share. This computer and technology services company generated total revenues of $25.03 billion, beating the Zacks Consensus Estimate of $24.29 billion. Consequently, the shares of Dell Technologies returned 4.3%. Dell Technologies carries a Zacks Rank #3 (Hold). You can see <strong>the complete list of today's Zacks #1 Rank (Strong Buy) stocks here</strong>.</p>\n<h2>Weekly Summary</h2>\n<p>For the week, the Nasdaq slipped 0.08%, the S&amp;P 500 declined 0.04%, and the Dow edged down 0.09%.</p>\n<h2>Monthly Roundup</h2>\n<p>For the month, the S&amp;P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.</p>\n<p>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report</p>\n<p>Dell Technologies Inc. (DELL) : Free Stock Analysis Report</p>\n<p><a href=\"https://laohu8.com/S/LULU\">lululemon athletica</a> inc. (LULU) : Free Stock Analysis Report</p>\n<p>To read this article on Zacks.com click here.</p>\n<p>Zacks Investment Research</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market News for Sep 3, 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market News for Sep 3, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-03 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market News\nU.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/Cy9ojrRkOFpxpt6BHNh7SA--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8ef48b6ea433c9abb4d2052d84ed2fa0","relate_stocks":{"VOO":"Vanguard标普500ETF","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4559":"巴菲特持仓","OEF":"标普100指数ETF-iShares","LULU":"lululemon athletica","BK4581":"高盛持仓",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","OEX":"标普100","XLY":"消费品指数ETF-SPDR可选消费品","IVV":"标普500指数ETF","BK4202":"服装、服饰与奢侈品","UPRO":"三倍做多标普500ETF","BK4534":"瑞士信贷持仓","BK4170":"电脑硬件、储存设备及电脑周边","XLB":"材料ETF","BK4535":"淡马锡持仓","BK4550":"红杉资本持仓","SSO":"两倍做多标普500ETF","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","SH":"标普500反向ETF","BK4515":"5G概念","BK4588":"碎股","SPXU":"三倍做空标普500ETF","COMP":"Compass, Inc.","BK4504":"桥水持仓","XLK":"高科技指数ETF-SPDR","SPY":"标普500ETF","DELL":"戴尔"},"source_url":"https://finance.yahoo.com/news/stock-market-news-sep-3-132400759.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2464386564","content_text":"Market News\nU.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed in positive territory. Wall Street was closed on Monday to observe Labor Day. However, the last month was a strong one for Wall Street.\nHow Did The Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) rose 0.6% to close at 41,563.08. Notably, 26 components of the 30-stock index ended in negative territory, while four ended in positive zone. The tech-heavy Nasdaq Composite climbed 1.1%, to close at 17,713.62. The S&P 500 gained 1%, to close at 5,648.40. Eight of the 11 broad sectors of the benchmark index closed in the green. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK) and the Materials Select Sector SPDR (XLB) rose 1.5%, 1.3% and 1.1%, respectively.The fear-gauge CBOE Volatility Index (VIX) slid 4.2% to 15.00. A total of 11.2 billion shares were traded on Friday, lower than the last 20-session average of 11.4 billion. The S&P 500 posted 79 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 84 new highs and 77 new lows.\nInflation Ticks Up in July, Supporting Likely Fed Rate Cut\nInflation in the United States showed a slight increase in July, with the personal consumption expenditures (PCE) price index rising 0.2% for the month and 2.5% year over year. The core PCE index, which excludes volatile food and energy prices, also rose by 0.2% monthly and 2.6% annually. Per BEA data, personal income increased by $75.1 billion or 0.3% in July. Disposable personal income increased $54.8 billion or 0.3%. Personal spending increased 0.5%. These inflation statistics indicate a sense of stability and support the anticipation that the Federal Reserve will proceed with a rate reduction in September by a modest 25 basis points rather than a more substantial 50-basis-point decrease.\nMixed Earnings\nLululemon Athletica Inc. LULU reported second-quarter 2024 adjusted earnings of $3.15 per share, outpacing the Zacks Consensus Estimate of $2.92 per share. The apparel company generated total revenues of $2.37 billion, lagging the Zacks Consensus Estimate of $2.4 billion. Its shares ended 0.2% higher on Friday. Dell Technologies Inc. DELL reported second-quarter 2024 adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.74 per share. This computer and technology services company generated total revenues of $25.03 billion, beating the Zacks Consensus Estimate of $24.29 billion. Consequently, the shares of Dell Technologies returned 4.3%. Dell Technologies carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nWeekly Summary\nFor the week, the Nasdaq slipped 0.08%, the S&P 500 declined 0.04%, and the Dow edged down 0.09%.\nMonthly Roundup\nFor the month, the S&P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDell Technologies Inc. (DELL) : Free Stock Analysis Report\nlululemon athletica inc. (LULU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}