Stocks slide on anniversary of 1987 crash

Thu, Oct 19, 2017, 9:02 AM

Stocks are set for a slide this morning, just a day after closing above the 23,000 milestone for the first time ever. This all comes on the 30th anniversary of the 1987 crash. Yahoo Finance’s Alexis Christoforous, Myles Udland, Seana Smith, Dan Roberts and Ethan Wolff-Mann discuss the big stories of the day.

Today’s topics:

Stocks set to slide at open a day after Dow closes above 23,000
Apple shares fall on iPhone 8 demand worries
Senate gets ready to vote on crucial budget measure
30th anniversary of ’87 crash: Then and now
MongoDB makes market debut on Nasdaq under ticker ‘MDB’
Fed Chair Yellen to meet with Trump today
Verizon higher after top and bottom lines beat
Amex down on CEO departure despite positive earnings
Nike falls after Goldman Sachs downgrade
Blue Apron lays off 6% of workforce
Gilead up on FDA approval of lymphoma drug
Vanguard investors to vote on companies associated with genocide
Walmart is close to partnering with Lord & Taylor
Cities go crazy in bid for Amazon’s second HQ

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-21 foot tall cactus
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When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
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Warren Buffett's $56 Billion Silent Warning to Wall Street May Portend Trouble for Stocks
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Palantir Earnings Crush Estimates. The Stock Still Falls Following Big Run.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down 9.8% at $22.74 in premarket trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
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The Federal Reserve Just Indicated Social Security Could Get a Bigger 2025 Cost-of-Living Adjustment (COLA) Than Expected
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Disney Tops Earnings Estimates and Boosts Guidance. The Stock Slips.
Walt Disney reported fiscal second-quarter earnings that beat analysts’ estimates and the entertainment giant boosted its fiscal-year profit guidance. Paid core subscribers to Disney+ in the second quarter were 117.6 million, topping expectations. Disney shares were down 0.6% in premarket trading.
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Disney says key part of streaming business was profitable for the first time
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Disney's surprise streaming entertainment profit offset by weaker TV business
Walt Disney's surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 6% before the bell on Tuesday. Like other media companies, Disney has been trying to adapt to consumer migration from cable television to streaming entertainment, and had promised Wall Street that its streaming operation would become profitable by September. The division has been losing money since Disney+ debuted in 2019 in a major push by the company to compete with Netflix.
Reuters
Ferrari sticks to 2024 guidance after Q1 earnings rise
MILAN (Reuters) -Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a "very positive" start of the year. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalised vehicles. Chief Executive Benedetto Vigna said Ferrari had produced double-digit growth for both revenue and profits despite stable car deliveries.
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Want an Extra $500 in Annual Dividend Income? Invest $5,890 in These 3 High-Yield Dividend Stocks.
Meet the high-yield dividend payers that could raise your passive income stream.
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Stocks slide on anniversary of 1987 crash

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