Markets set to close month on a down day
Stocks close out the month on a down note, with telecom lagging. Plus Apple earnings are almost here and shares are rallying ahead of its big report tomorrow. And, McDonald’s is on fire as sales jump. We’ll explain why innovation at the 78-year-old burger chain is fueling gains. Plus, bacon and bitcoin—a match made in heaven—at least according to Kraft Heinz. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red include Cooper Tire and Rubber, as the company missed Wall Street expectations and said it expects choppy performance ahead; Arconic, with shares down as aluminum prices have been sharply higher in the first quarter of the year; and Celgene slipping on news it may take over a year to refile its marketing application for its Multiple Sclerosis medicine.
Stocks in the green include Andeavor, as Marathon Petroleum announced a deal to buy its rival for $23 billion; Spirit Airlines as JPMorgan Chase gave the airline a double upgrade to Overweight; The New York Times, with shares getting a boost from the ‘Trump Bump;’ and JP Morgan, with shares getting an upgrade to Overweight from Neutral on predictions of strong profit growth over the next two years.
