1. Relief rally continues: U.S. stocks are poised to continue rising after a big relief rally on Monday.
Wall Street’s fears about the North Korea nuclear crisis have faded for now, giving stocks a boost.
State media reported that North Korean leader Kim Jong Un has finished reviewing a plan to fire four missiles off Guam, and has opted to wait to see what the “foolish Yankees” do next, apparently putting the onus on President Trump to make the next move.
He followed the chiefs of Merck( and )Under Armour(, who announced their decisions earlier Monday amid the fallout over Trump’s response to violence at a white nationalist rally in Charlottesville, Virginia. )
“I resigned because I want to make progress, while many in Washington seem more concerned with attacking anyone who disagrees with them,” Krzanich wrote in a blog post.
3. Retail review: A number of major retailers are reporting earnings this week.
Things kick off before the opening bell with quarterly results from Coach(, )Dick’s Sporting Goods(, )Home Depot( and )TJX(, the company that runs T.J.Maxx. )
Then Urban Outfitters( will release earnings after the close. )
Later in the week companies such as Target(, )Gap( and )Walmart( are reporting earnings. )
On the economic front, the Census Bureau plans to release its July retail sales report at 8:30 a.m. ET.
It’s been a slow summer so far. Retail sales declined in May and June. Americans are spending less at gas stations, grocery stores, department stores, restaurants and bars.
4. Coming this week:
Tuesday — Retailers report quarterly results
Wednesday — NAFTA talks begin; Target( and )Cisco(Tech30) earnings ,
Thursday — Walmart( and )Gap( earnings )
Friday — University of Michigan releases consumer confidence report for August