July's consumer spending reading topped estimates
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| | 8/30/2019 | |
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Stock Futures Signal More Gains on Trade Tailwinds | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are signaling another solid triple-digit jaunt higher, thanks to the latest buzz on the U.S.-China trade spat. Although new tariffs on $300 billion in Chinese goods are still set to go into effect this Sunday, Sept. 1, the two sides were reportedly maintaining "effective communication," according to China's Foreign Ministry. Elsewhere, consumer spending rose 0.6% in July, topping the 0.5% estimate, while the core personal consumption expenditures (PCE) index edged up 0.2% last month, bringing its annual rate to 1.4%. Continue reading for more on today's market, including: - These are the 25 best stocks on the S&P for September.
- Call buyers flocked to GameStop after a website overhaul.
- 3 chip stocks that rallied on yesterday's trade tailwinds.
- Plus, Campbell Soup rises after earnings beat; Tesla cars get a China tax exemption; and American Outdoor Brands eyes a new bottom.
| >> Continue reading... | |
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