The markets were strong today in response to President Trump sided with Democrats today to spend on Harvey aid, and a debt limit extension. The move impressed the bulls who threw caution to the wind once again and took on risk. The Dow 30 was higher by 58, the S&P 500 added 7, and the Nasdaq 100 gained 17. Tomorrow investors get news on unemployment claims and Crude Oil inventories later in the morning.
Kohls Corp (NYSE: KSS) saw a rare 4.90% gain today as the store has officially decided to join forces with their rival, Amazon (NASDAQ: AMZN). The company announced that they would start selling Amazon products in a small group of test stores starting in October. This is yet another retailer that has struck a deal with Amazon. Sears (NASDAQ: SHLD) was the most recent to work with the company to sell its Kenmore appliances on Amazon's site. Shares of Kohls have been under pressure for some time now and are still lower by almost 15% on the year.
Exxon Mobil (NYSE: XOM) saw a spike of 2.15% today as oil prices continue to recover. Also, an analyst at UBS upgraded the name and raised their price target. Shares consistently made new lows through the month of August but have recovered so far in September. Today's move helps erase some of the years losses, though the stock is lower by 12% still.
Home Depot (NYSE: HD) has been strong in the wake of Tuesday's weakness, and yet again today, adding 2.37%. The move today broke above 2 month highs where it closed. For the year the home remodeling chain has done quite well, adding over 16% for shareholders.