Wall Street expected to open higher ... Oil prices slide ... Petco going all natural
UNDATED (AP) — European stocks gained while Asian markets were mixed today after a tech sell-off dragged Wall Street lower. In early trading, Germany’s DAX advanced 0.5 percent and France’s CAC 40 added 0.4 percent. London’s FTSE 100 added 0.1 percent. Tokyo’s Nikkei fell 2 percent while the Shanghai Composite Index rose 0.9 percent, and Hong Kong’s Hang Seng gained 0.5 percent. Seoul’s Kospi gave up 0.4 percent. Wall Street is expected to open higher, with S&P futures up 0.6 percent and Dow futures up 0.5 percent.
UNDATED (AP) — Oil prices are falling again, this time helped lower by a tweet from President Donald Trump. The presidential tweet Monday was in response to news that OPEC, led by Saudi Arabia, and allies including Russia were signaling willingness to consider production cuts to stem a six-week slide in crude prices. Oil prices were up slightly at the time of the tweet but soon went south.
SINGAPORE (AP) — Leaders of the Association of Southeast Asian Nations have begun their annual summit with calls to work together to resolve tensions over trade and other issues. Singaporean Prime Minister Lee Hsien Loong (lee shyehn loong) welcomed fellow members of the 10-nation grouping by saying that joint efforts are more urgent than ever. He says the international order is “at a turning point” and it’s unclear if the rules of the global system that have underpinned the region’s peace and growing wealth will survive.
UNDATED (AP) — Petco says it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. The move, the first of its kind among major pet stores, comes at a time when sales of natural pet foods are steadily rising.
ATLANTA (AP) — Home Depot is breezing past all expectations for the third quarter, including comparable-store sales, with consumers plowing money into homes even as the housing market appears to cool off. The Atlanta company is reporting income of $2.87 billion, or $2.51 per share, far exceeding per-share projections for $2.27, according to a survey of industry analysts by Zacks Investment Research. Revenue jumped 5.1 percent to $26.3 billion.