Stocks (^DJI, ^GSPC, ^IXIC) are slipping as Senate GOP leader McConnell delays the big health care vote. Will DC dysfunction keep markets at bay this summer? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.
Winners and losers
Stocks on the move lower today include ARMOUR Residential after the REIT announced a secondary offering of 4.5 million shares; IMPINJ as the RFID solutions firm was downgraded by Pacific Crest to sector weight from overweight; and Alder BioPharmaceuticals, with shares of the drugmaker tumbling after its experimental migraine treatment fell short of investor expectations.
Stocks in the green today include Darden Restaurants as the Olive Garden parent saw same-store sales increase and hiked its dividend; JCPenney as Gordan Haskett Research upgraded shares claiming same-store sales are bottoming out; and Sprint, with shares of the mobile carrier jumping on a Wall Street Journal report that Sprint is working with Charter and Comcast to offer wireless service to Charter and Comcast customers.
Is pro golf getting its mojo back?
Whether it’s courses closing or Tiger’s traffic stop or Nike getting out of the golf equipment business, we’ve had plenty of reasons to talk about golf’s demise. But Yahoo’s Dan Robert’s is here to tell us why we shouldn’t count golf out.
