What’s likely to move the market

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What’s likely to move the market

Traders work the floor of the New York Stock Exchange on August 16, 2024. 

Angela Weiss | AFP | Getty Images

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Here’s what CNBC TV’s producers were watching as stocks rallied Monday and what’s on the radar for the next session.

Gold run

• The commodity hit a new high in Monday’s session: $2,549.90.
• It is now up 8 out of 9 sessions. Thanks to CNBC data teamer Chris Hayes for the stats and facts.
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  is up 4.5% in those nine days. Silver is up 8.4% in that same *******.
• The VanEck Gold Miners ETF (GDX) is up 6.3% in a week and 10% in nine days.

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VanEck Gold Miners ETF performance in 2024

The dollar

• The Dollar Index hit its lowest level since Jan. 5 on Monday morning.
• A weaker dollar sometimes is good for U.S. exporters as their stuff gets less expensive for overseas buyers.
• There are lots of examples of exporters, but
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  is one that comes to mind. The stock is up nearly 5% so far in August. The S&P 500 is up about 1.5% in August.

Lowe’s

• The home improvement company reports quarterly numbers before the bell.
• The stock is up 5% in the past three months.
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  is up 11% in a year, and the stock is 7.3% from the March high.
• Home Depot is also up 5% in three months. The stock has gained nearly 11% in the past year, and it’s 8.5% from the March high.
• This is probably not an exact apples-to-apples comparison, but luxury home furnishings company RH is 30% from the September high. Shares are down 23% in a year.

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RH’s performance over the past year

Amer Sports

• CNBC TV’s Brandon Gomez will be watching for the numbers before the bell from this sporting goods company.
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  ‘ brands include Salomon, Atomic, Wilson and Louisville Slugger.
• The stock is down about 24% in the past three months. The stock is 32% from the 52-week high hit back in March. Amer, however, is up 12% in a month.
• *****’s Sporting Goods is 3% from the June high. Shares are up 16.5% in three months.
• Academy Sports and Outdoors is 27% from the 52-week high hit in March. The stock is up 3% in three months.

Hawaiian Airlines and Alaska Airlines

Texas Instruments

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Texas Instruments’ performance in 2024

Berkshire Hathaway

• Jill Schneider on the CNBC Flash Desk pointed out that
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  B shares hit a new high on Monday.
• Berkshire Hathaway B shares are up 26% in 2024, and they are up 4.3% in a week.

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#Whats #move #market

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