U.S. Stocks Rise on First Trading Session of September; Campbell Soup Shares Slip

U.S. stocks rose on the first trading day of September, a historically weak month for stocks. But one analyst said September might actually be a positive month for equities, thanks to the presidential election. 'If you look at the past 100 years you see that in an election year, normally the Dow Jones Industrial Average bottoms in May and then goes into a rally which last into the end of the year,' said Jochen Stanzl, chief market analyst at CMC Markets. 'September could be very volatile but in the end could prove to be a positive month again.' Weekly jobless claims rose by 2,000 to 263,000 over the past week, while analysts had expected a rise to 265,000. Campbell Soup (CPB) - Get Report shares slipped after the company reported a quarterly loss of $0.26 a share after posting earnings of $0.05 a share during the same quarter a year ago. Revenue of $1.687 billion came in slightly below estimates. Shares of cloud company Box (BOX) - Get Report fell, even though it reported as narrower-than-expected quarterly loss. Revenue rose some 30 percent year-over-year to $95.7 million. TheStreet's Scott Gamm reports from Wall Street.