All three major averages posted solid gains for all of July. For the Dow, it was the seventh increase in eight months. So what can we expect from August? Well, since 1987, it's been the worst month of the year for the market.
In earnings news, Exxon Mobil's (XOM) quarterly earnings appear to have badly missed Wall Street expectations.
Procter & Gamble's (PG) net fell by nearly half from a year ago, but still edged past expectations.
Animated filmmaker DreamWorks Animation (DWA), biotech company Affymetrix (AFFX), and the online review company Yelp (YELP) are all set to rally on better-than-expected earnings news.
But Whole Foods Market (WFM) and Marriott International (MAR) both issue disappointing results.
Ford (F), General Motors (GM), Toyota (TM) and other carmakers report sales for last month. Industry watcher Edmunds.com forecasts a double-digit gain from a year ago.
The dispute between J.C. Penney and Macy's (M) over the rights to sell Martha Stewart (MSO) branded products could come to an end today. The two department stores are set to deliver closing arguments in their long-running case, and the judge could issue an immediate ruling.
The International Trade Commission is expected to rule today on Apple's (AAPL) patent-infringement case against Korean rival Samsung. The companies have filed suit and countersuit against each other, with both sides claiming some victories in court.
And Starbucks (SBUX) has enlisted Google (GOOG) to make the Internet connection at its coffee shops up to 10 times faster than it is now.
-Produced by Drew Trachtenberg.
Ways to Make Money on the Side
Market Minute: Investors Wary of August; Exxon, P&G Miss on Earnings
PA for a day gives users the opportunity to hire a temporary personal assistant to do office work, run errands, walk pets, or do dozens of other jobs. While the website is great for harried professionals, it may be even better for workers looking to bring home a paycheck on a flexible schedule. If you're looking for a good-paying, short-term job where you can set your own schedule, why not drop them a line?
Are you good at putting together IKEA furniture? Do you have time to pick up a Craigslist item? Are you willing to go grocery shopping for someone else? If you answered yes to any of these questions, maybe you should think about joining TaskRabbit, a website where you can submit bids to do odd jobs. Depending on the task -- and on the area where you live -- you can make more than $40 per job.
Can you do a good celebrity voice imitation? Are you willing to film yourself wearing a hot dog suit and singing "Happy Birthday"? Are you a good artist? On Fiverr.com, "the world's largest marketplace for small services," you can transform your cool skills into cool cash. Basically, you create a listing with the skill that you are willing to offer, set a price (usually $5 and up), and work on finding clients.
At this point, Etsy is hardly a moneymaking secret, but most people don't realize how easy it is to turn the do-it-yourself marketplace into a thriving business. As our earlier article on Fifty Shades of Grey demonstrated, the site makes it easy for an enterprising DIY-er to piggyback onto the latest pop culture trend.
If you've ever wanted the joy of hanging out with a dog, but didn't want to sign on for the long-term commitment, you might consider joining Dog Vacay. The website pairs dog owners with dog lovers who are willing to babysit them for a short term. Prices start at $15 per night, but "hosts" can set their own rates. You're also allowed to take care of up to three dogs at a time, which means that -- if you're looking for a way to make some money on the side and don't mind sharing your couch with a furry friend -- this might be a great way to get some extra bucks.