MU, LULU Rally & FL Gets Price Slashed

The Dow Jones, Russell 2000, S&P 500, and Nasdaq-100 ended higher. All eleven S&P 500 sectors closed in the green with real estate and info tech up by the most. Micron technology (MU) shares rallied after releasing its latest quarterly results. Ahead of Lululemon's (LULU) most recent quarterly earnings report, investors had three main concerns: inventory levels, gross margin, and fiscal year guidance. All three surprised to the upside, proving that LULU's clientele kept purchasing. UBS took out the scissors today and slashed its price target for Foot Locker (FL) to $30 from $36. Tomorrow, look out for the final read of the fourth quarter GDP and jobless claims, as well as EIA Natural Gas Inventory. Tune in to find out more about the stock market today.