The economic calendar in the U.S. Tuesday includes the S&P/Case-Shiller home price index for June at 9 a.m. EDT and consumer confidence for August at 10 a.m.
U.S. stocks on Monday finished mixed on thin volumes Monday as traders looked ahead to the Jackson Hole summit. The Dow Jones Industrial Average lost more than 33 points, or 0.25%, to close at 13,125. The S&P 500 dipped less than a point, or 0.05%, to settle at 1410.44, while the Nasdaq rose more than 3 points, or 0.11%, to finish at 3073.
Tropical Storm Isaac was on the verge of becoming a full-blown hurricane Tuesday as it rolled over the Gulf of Mexico toward Louisiana. Forecasters predicted the tropical storm would power up to hurricane strength later in the day and be at least a Category 1 hurricane by the time it's expected to reach the coast of southeast Louisiana early Wednesday. The forecast track has the storm aimed at New Orleans, but hurricane warnings extended across 280 miles, The Associated Press reported. The majority of oil production in the Gulf of Mexico has been halted in preparation for the hurricane.
Apple ( AAPL) on Monday promoted Dan Riccio and Craig Federighi to senior vice presidents and said Bob Mansfield, who was going to retire, will stay with the company to work on future projects. Mansfield is senior vice president of hardware engineering at Apple, reporting to CEO Tim Cook.
Knight Capital ( KCG) has selected three new directors, including TD Ameritrade CEO Fred Tomczyk, three weeks after it received a $400 million injection from outside investors, The Wall Street Journal reported, citing people familiar with the matter.
PVH Corp. ( PVH), the apparel maker, topped Wall Street's earnings expectations for its fiscal second quarter and gave a strong third-quarter outlook on Monday.
Tuesday's earnings docket includes Bank of Montreal ( BMO), Brown Shoe ( BWS), Concurrent Computer ( CCUR), Movado Group ( MVO) and Sanderson Farms ( SAFM).
Bank of America's ( BAC) wealth-management unit will host a conference call Tuesday with Paulson & Co.'s John Paulson, allowing some of its financial advisers and their clients to question the struggling hedge fund chief, sources at the bank confirmed with Reuters. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.