Stocks drop on report Mueller impanels grand jury
Stocks (^DJI, ^GSPC, ^IXIC) dropping on reports special prosecutor Mueller impanels a grand jury in his Russia investigation. Plus- Uber’s not standing pat. Why trucking could be big business for the ride-hailing king. And, Amazon’s tackled everything from groceries, to home assistants and business services. Why it’s next move is even more audacious. Plus a look ahead to everything you need to know about tomorrow, when we’ll get the big one, the jobs report. Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the green today include Fitbit as the wearable maker’s loss was less than expected with sales topping estimates; Lending Club as Oppenheimer upgraded the stock to outperform claiming it’s “too compelling an opportunity;” and Tesla, with shares revving higher and burning shorts as the carmaker’s loss was less than expected and it reported more than 1,800 daily reservations for the Model 3.
Meanwhile stocks in the red today include Teva Pharmaceuticals as earnings were hurt by a weak US generics business; Avon Products as the cosmetics maker reported a surprise loss and announced its CEO will be departing; and Sturm Ruger, with shares of the gunmaker getting hit after it missed badly on quarterly revenue and profit.
Why Amazon’s next target could be media
We’ve got books, groceries, home assistant devices, cloud storage … What’s left for Amazon to conquer? It might be media. Yahoo Finance’s Dan Roberts joins us now.
