Stocks poised for weekly drop as tax debate looms

Yahoo Finance

Stocks down and lower for the week for the time since September as hopes for tax reform has the street concerned. Plus – the world’s biggest shopping day is here – we have the latest on China’s Singles Day. And – earnings…scandals… and possible government interference? Just another week in the world of media. Plus a look ahead to everything you need to know for next week which is going to be all about retail. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance’s Andy Serwer, Justine Underhill, and Myles Udland.

Winners and losers

Stocks in the red include Redfin as the real estate brokerage site missed on both profit and revenue, Finish Line as Cowen downgrades shares to underperform citing concerns over margins, and Nordstrom – despite an earnings beat, comp sales missed estimates as the department store operator claimed the hurricanes hurt sales.

Stocks in the green today include Esko Bionics on its partnership with Ford to use the company’s exoskeletons for factory workers, JC Penney as the retailer beat on revenue and comp sales, and Nvidia – yes shares surging again to a new all-time high as the chipmaker easily beat on earnings citing strong demand for gaming and data center chips.