Aug. 19 Premarket Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Aug. 19:
1. -- U.S. stock futures were rising Tuesday ahead of data on inflation and housing.
European stocks rallied for a second day after the U.K. reported that inflation slowed in July, boosting expectations that the Bank of England will keep interest rates at a record low. Asian indices also rose.
2. -- The economic calendar in the U.S. on Tuesday includes the Consumer Price Index for July at 8:30 a.m. EDT, and housing starts and building permits for July at 8:30 a.m.
3. -- U.S. stocks on Monday jumped on strong economic news, surging M&A deals and a slight ebbing of Ukraine worries.
The Dow Jones Industrial Average rose 1.06% to close at 16,838.74. The S&P 500 gained 0.85% to 1,971.74. The Nasdaq surged 0.97% to 4,508.31. The Nasdaq hit a 14-year high on Monday.
4. -- Home-improvement retailer Home Depot
Sales in the quarter rose 5.7% to $23.81 billion. Same-store sales rose 5.8%; U.S. same-stores at Home Depot rose 6.4% in the second quarter.
Analysts expected earnings of $1.44 a share on sales of $23.6 billion.
The company lifted its 2014 earnings forecast to $4.52 a share.
5. -- BHP Billiton
BHP, of Melbourne, Australia, said the reorganization will allow it to concentrate on its mainstay iron ore, copper, coal, petroleum and potash businesses.
The new company, which will have BHP's current chief financial officer, Graham Kerr, as its CEO, will include some of BHP's assets from five countries, including aluminum, nickel, manganese, silver and coal.
6. -- Sprint
A new pricing plan, which will be available beginning on Friday, will offer customers 20 gigabytes of data and up to 10 lines for $100.
"The message is simple: We are back in the game. We are going to offer most competitive value for American consumers," Marcelo Claure, Sprint's newly appointed CEO, told Reuters in an interview.
7. -- Wall Street expects retailer TJX Cos.