Stocks (^DJI, ^GSPC, ^IXIC) are getting a lift today as beaten down retail names, like Target, lead the way. Plus, Apple’s new headquarters are shrouded in mystery. We got up close and personal to see what the Big-A is up to. And, with rate hikes coming soon (or not) is the Fed causing more harm than good? Former Fed insider Danielle Dimartino Booth makes the case. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include Amicus Therapeutics as the drugmaker announced a $225 million secondary offering; Seagate as Barclays downgraded the hard disk maker to ‘underweight’ citing cost concerns; and Tesaro, with shares of the drugmaker dropping after CNBC’s David Faber reported Tesaro’s sale process is unlikely to result in a deal.
Stocks in the green today include Zimmer Biomet as Bloomberg reports activist fund JANA Partners has taken a stake in the company as has held talks with management; Snap as Stifel upgraded shares to ‘buy’ claiming short-term risks to revenue may be overstated; and Yandex, with shares of the Russian search engine popping after it struck a deal to combine its ridesharing service in Russia with Uber.
What’s next for the Fed
Today you may well have witnessed Janet Yellen’s final appearance on Capitol Hill before her term expires in February. What do investors need to know? Here with answers is Danielle DiMartino Booth, who has worked on Wall Street, at the Dallas Fed, and she’s the author of Fed Up: An Insider’s take on Why the Federal Reserve is Bad for America.