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Stock market news today kicks off on a good note with the Dow Jones Industrial Average up more than 100 points before noon on Monday.
But investors still await more clarity on whether the United States will attack Syria.
U.S. President Barack Obama is trying to shore up support for his plan to take action against Syria for using chemical weapons against its citizens. Congress returns from summer recess today to face a slew of issues, including resolving budget deficit woes. President Obama is likely to face a difficult time convincing the House to go along with the plan, which means investors are very uncertain regarding what's next.
In other stock market news today, U.S. economic indicators include a report on consumer credit at 3 p.m. today, but the data front is otherwise fairly quiet.
In major earnings news, Hovnanian Enterprises Inc. (NYSE: HOV) is up 2% today as it reports its third-quarter earnings fell to $0.06 per share from $0.25 the year earlier. Its earnings missed the Street consensus of $0.07 by $0.01 per share.
Among today's other movers, Lululemon Athletica Inc. (Nasdaq: LULU) shares are welcoming strong gains after Citigroup initiated coverage on the stock at a "Buy." LULU is up about 3% in morning trade.
And, in other consumer stock market news today, Yum! Brands Inc. (NYSE: YUM) is up 2.4% in this morning after it reported after hours on Friday that August same-store sales for its China division declined by 10% year over year. This included an estimated decline of 12% at KFC and 5% growth at Pizza Hut Casual Dining.
Stock Market News Today: Technology
The tech market's news today includes a plunge in Hanwha SolarOne Co. Ltd. (Nasdaq: HSOL) shares, which are down 5% in morning trade after its second-quarter loss narrowed to $0.32 per share from a loss of $0.43 in Q1.
The non-generally accepted accounting principles net loss per share was $0.25 compared to the Street estimate for a loss of $0.32. Total revenue was at 192.7 million compared to $179.2 million in Q1.
Also, the drawn-out dispute over the bid to take over Dell Inc. (Nasdaq: DELL) has finally come to an end as investor Carl Icahn says he is backing down, saying the battle would be "almost impossible to win," MarketWatch reports.