DAY 2 of social media executives from Facebook, Alphabet and Twitter testifying on Capitol Hill on Russian interference. And we’re coming up on a photo finish at the closing bell. Plus – Facebook and Tesla earnings any minute now, we’ll have those for you. And – Papa John’s blaming poor earnings – on the NFL? We explain. Plus – it’s jobs jobs jobs later this week. Indeed’s top economist gives a preview ahead of Friday’s market-moving report. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the green today include Estee Lauder as the cosmetics maker’s guidance topped estimates and it hiked its dividend by 12%, US Steel as the company saw its profits double from a year ago as pricing power improved, and Allergan – shares of the drugmaker shining after beating on earnings, citing strong sales of Botox and its Restasis dry-eye treatment.
Stocks getting hit include Electronic Arts as the gamemaker missed on revenue and issued a holiday sales forecast that missed the mark, Abercrombie and Fitch as JPMorgan downgraded shares to ‘underweight’ with a $10 price target, and Papa John’s – shares getting sliced after the pizza chain cut its sales and profit outlook, as margins and sales growth slipped.
Jobs, jobs, jobs
In its decision to hold interest rates steady this afternoon, the Fed noted that “the labor market has continued to strengthen.” For more details on just where strength is and where trouble may be brewing, Jed Kolko, Chief Economist of the job site Indeed.com joins us.