Herbalife May Have Finally Found a Bottom

Powell's upbeat comments eased investor concerns

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MARKET RECAP
 
 

9/06/2019

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Dow, S&P Nab Third Straight Win After Powell Comments

By Patrick Martin
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The Dow wrapped up its third straight win today following early afternoon comments from Fed Chair Jerome Powell. Speaking at a moderated discussion in Switzerland, Powell said this morning's August jobs report showed a "strong labor market," but said the central bank is monitoring "significant risks" to the economy -- including U.S.-China trade uncertainty -- and will "continue to act as appropriate to sustain ... expansion." The S&P 500 finished higher for a third consecutive session, too. And while the Nasdaq gave up its intraday gains by the close, all three indexes nabbed back-to-back weekly wins.

Continue reading for more on today's market, including:

  • These 2 shoe stocks sprinted higher after earnings.
  • Herbalife stock may have finally found a bottom.
  • Plus, a Ciena stock bull signal; Goldman's a fan of Kellogg; and a Ctrip.com earnings preview .
>> Continue reading...
LATEST HEADLINES
>> Short Week Brings Upside for Stocks
The Dow is pacing for another weekly win
>> 2 Shoe Stocks Running Higher After Earnings
Both names lifted their annual forecasts and reported quarterly beats
>> Ctrip.Com Put Buyers Active Ahead of Earnings
Ctrip.com stock has a mixed history of earnings reactions
>> Kellogg Stock Climbs After Bullish Goldman Note
The brokerage firm said K is "the most compelling value left in snacks"
>> Stocks Higher Ahead of Powell
Stocks aren't really breaking out, however
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