3 Things to Watch in the Stock Market This Week
Stocks rallied last week on hopes that the U.S. economy might emerge from the COVID-19 pandemic slump just as quickly as it had entered it. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 4% to put indexes within striking distance of positive territory so far in 2020. In fact, the S&P is down just 1% after having posted a 30% decline by late March.
A few big-name stocks will announce earnings results over the next few trading days, including Stitch Fix (NASDAQ: SFIX), lululemon athletica (NASDAQ: LULU), and Five Below (NASDAQ: FIVE). Let's take a look at the key trends that might send these stocks moving this week.
Stitch Fix shares were lower by about 60% at one point this year but have rallied in recent weeks to approach positive territory. That surge raises the bar for the online apparel specialist's third-quarter report on Monday afternoon.
Source Fool.com
