Stock Markets Ease Lower; DraftKings Earnings, iQiyi Investigations Hit Shares

Stock Markets Ease Lower; DraftKings Earnings, iQiyi Investigations Hit Shares

The S&P 500 (SNPINDEX: ^GSPC) fell a single point to 3,373, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 37 points to 11,006. DraftKings (NASDAQ: DKNG) released its latest financial results, and even though the company did the best it could during a tough environment for sports betting, shareholders weren't pleased with what they saw. Meanwhile, iQiyi (NASDAQ: IQ) got even worse news on the regulatory front, becoming the latest Chinese company to deal with controversy.