Stocks Higher Ahead of Powell
Stocks aren't really breaking out, however
The Dow Jones Industrial Average (DJI) is trading cautiously higher today, as Wall Street considers this morning's jobs report for August. The tepid trading could also be due to the upcoming talk from Fed Chair Jerome Powell, as investors look for hints to potential changes in monetary policy. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also testing positive territory, though both have already traded in the red on the day.
Continue reading for more on today's market, including:
Analysts adjust ratings on big bank stocks.Inside the sell-off in software stock Domo. Plus, more attention on BOX; Kellogg gains; and Slack slides again.
One name seeing accelerated options trading today is Box Inc (NYSE:BOX), with heavy attention at the September 18 call. More than 10,000 contracts have traded here, compared to fewer than 700 at the next closest option, and buy-to-open activity looks likely. BOX stock was last seen up 1.6% at $17.42, extending its big week.
Kellogg Company (NYSE:K) is a notable gainer following a bull note out of Goldman Sachs. The stock is trading up 2.2% at $64.23, and pacing for its highest weekly close since November. Goldman upgraded its rating to "buy" from "neutral," and lifted its price target to $72 from $58, saying the company's frozen foods business will stay strong.
