Stocks bounce back despite trade war woes
Stocks bouncing back a bit as trade wars continue to roil Wall Street. Plus – Uber wins a big legal case in London – we break it down. And – Amazon’s latest success may put the hurt on its partners. We have the latest. Plus – Twitter’s CFO talks growth, and changes that are coming to social media site. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and reporter Dan Roberts.
Winners and losers
Stocks in the red include Akamai Technologies as the video streaming tech company narrowed its quarterly profit guidance, Avis Budget as Morgan Stanley resumes coverage of the car rental firm with an ‘underweight’ rating pointing to secular and cyclical headwinds, and AMC Networks – shares dropping as Goldman downgraded the stock to “neutral,” citing slower advertising growth at the cable television channel provider,
Stocks in the green include GE following its strategic review, as it will focus on Aviation, Power, and Renewable Energy and spin off its health car business, Spotify as Barclays initiates coverage with an ‘overweight’ rating, citing the company’s ability to innovate and create best-in-class products and user experiences, and Lennar – shares of the homebuilder soaring as it beat on earnings, with new orders up 62 percent from a year ago, and home prices jumping by 10%.
