Stocks get a boost from another strong jobs report as markets shake off the beginning of a trade war with China. Plus, trade wars are officially here against China. will Trump keep escalating? And another consumer tech IPO on the way. Plus, Facebook getting in on the World Cup fever, striking a big live- streaming deal. Catch The Final Round at 3:55 ET p.m. with Myles Udland and reporter Jared Blikre.
Winners and losers
Stocks in the red include PriceSmart as the membership club operator reported third quarter earnings that missed the mark, revenue did beat however, Cboe Global Markets as June trading volumes for equities and derivatives were lower than a yea ago, and Gannet – shares lower as J.P. Morgan downgrades the USA Today parent to underweight with analysts concerned about the outlook for print circulation and advertising costs.
Stocks in the green include Stitch Fix as the clothing subscription box firm hits a new high today, capping off a 2 day, 10% run up, Biogen as the biotech name surged with positive results from a mid-stage Alzheimer’s treatment trial, and Deutsche Bank- shares of the beaten down German bank rising on a report that JPMorgan and Industrial and Commercial Bank of China could be interested buying a stake. JPMorgan has denied the report.