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The Nasdaq is on pace for its best week in six, while the S&P 500 could chalk up its best week in four. The major averages, however, are all down roughly 6% for the month of August with two trading sessions remaining. (CNBC)

July figures show personal income rose 0.4% and spending rose 0.3% for the month. Income had risen 0.4% in June, while spending was higher by 0.3%. (Fox Business News)

Smith & Wesson reported first-quarter profits of $14.4 million. The results surpassed Wall Street expectations. The firearm maker posted sales of $147.8 million. Smith & Wesson shares have climbed 71% since the beginning of the year. (AP)

Just 119 days till Christmas. Can you hear the sleigh bells jingling? Wal-Mart launches its holiday layaway program today two weeks earlier than last year. The retailer will also reveal the season's toy trends ahead of its rollout of new "Star Wars" merchandise to be released next week on "Force Friday." (CNBC)

Join us Saturday at 10 for Financial Focus, your smart money radio, when Tyler and I will tell you your next moves in this crazy market.
 

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