Stocks try for gains near end of trading year
Stocks are fighting to hold onto gains one of the last trading days of 2017. Plus, Uber’s raising cash — at a price. What does this mean for the embattled ride-hailing app, and other IPO candidates? And what’s ripple? Could it be the next big crypto play? We have answers in the crypto corner. And, as 2017 comes to a close, what’s the biggest lesson for investors?
Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Myles Udland, and Dan Roberts.
Winners and losers
Stocks getting hit today include JB Hunt Transport as the trucker issued Q4 guidance that missed the mark, Longfin as the blockchain-related tech company is feeling the pain on news South Korea is imposing limits on cryptocurrency trading, and Nintendo — sharesare losing ground on reports Nintendo is delaying higher-capacity Switch game cartridges, a move that could discourage third-party game developers from making Switch games.
Stocks on the rise include Chesapeake Energy as it benefits from a huge move in nat gas due to the current winter cold spell, Cheetah Mobile as the Chinese mobile internet firm added two high-profile board members, and Helios & Matheson – the parent company of MoviePass getting a big boost following a positive New York Times writeup of the subscription theatrical service.
