Wall Street is set to open higher after the Nasdaq had its best day in the rough month of August.
What I am looking at Tuesday, Aug, 22 The Dow , the S & P 500 and the Nasdaq are set to open higher after a mixed session to start the new week. The Nasdaq on Monday had its best day in the rough month of August. Club name Nvidia , which had been slumping since its mid-July record highs, jumped nearly 8.5% on Monday and another 2% early Tuesday. The AI chip powerhouse catching a bid ahead of Wednesday evening's quarterly release. U.K.-based chip designer Arm is coming public .
Chairman Ed Stack told CNBC about a third of its margin reduction was from theft. Troubled Club holding Foot Locker reports its quarter early Wednesday. Macy's second-quarter EPS 26 cents versus 13 cents expected. Beat on revenue. Warned of 3-cent loss per share to 2-cent profit in Q3 versus 27 cents estimate. Sees Q3 inventories down. No full-year guidance raise. Reaffirms outlook.
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