Yahoo Finance The Final Round

Stocks fight for gains, banks lead the way ~ The Dow and S&P (^DJI, ^GSPC) claw back lost ground, nearly erasing last Wednesday’s losses. With the bulls back in charge, are new highs on the way? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance reporter Jared Blikre and Peter Kenny of Kenny’s Commentary and Global Markets Advisory Group


Winners and losers

Stocks getting hit today include shoe retailer DSW on an earnings miss; AutoZone as the auto parts retailer reported earnings and revenue that fell short of expectations; and Alexion, with shares sinking after the pharma company announced its CFO will resign at the end of August along with other management changes.

Meanwhile, stocks ending the day in the green include telecom equipment maker Nokia after settling an ongoing patent dispute with Apple; grain trader Bunge after the WSJ reported Glencore made a takeover approach; and Take-Two Interactive, with shares soaring as the maker of “Grand Theft Auto” videogames posted earnings and revenue well above forecasts, despite noting that the launch of its “Red Dead Redemption 2” game would be delayed until next year.

Looking ahead

We’ll get some more earnings, with Lowes and Tiffany reporting before the bell, and HP after the market close.
At 10 a.m. ET we’ll get more housing data—existing home sales for April. The Street’s expecting 5.65 million homes sold, a slight dip from the prior month.
Finally, at 2 p.m. ET, the Street will be looking for clues as to the where the Fed’s leaning when the FOMC releases minutes from its May meeting.


Once again the media hysteria over Trump doesn’t seem to be worrying investors. Maybe because they know it’s based on no evidence. Simply partisan politics as usual. Sadly, not even a terror attack thwarted gains today. I hope we aren’t buying into the liberal notion that we can’t stop them and just have to get used to it.  
Sunnyvale, CA