U.S. stocks were wavering at record levels. The volume is low for this full trading week before the Labor Day holiday. Earnings reports are moving stocks in the session. Tiffany (TIF) is shining after posting better-than-expected results. The luxury retailer also raised its full year outlook. But Smith and Wesson (SWHC) is down more than 13 percent after cutting its 2014 forecast. The EIA reported U.S. oil supplies declined last week to just above 2 million barrels. That was roughly in-line with expectations. Crude oil futures held onto gains after the report. Digital Ally (DGLY) is down more than 7 percent in today's session. But it had a massive rally, up 286 percent in August. The wearable camera maker said demand rose since the police shooting of an unarmed black teenager in Ferguson, Missouri. After the markets close, we will get second-quarter results from Williams-Sonoma (WSM). Wall Street is expecting earnings of 53 cents a share.

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