Stocks fight for gains as tech rebounds
Stocks fighting for gains here as a beaten down tech sector rebounds. Plus – as tech tries to rebound the Dow’s been hanging tough. Why the blue chips have been so resilient. And – another day, another all-time high for bitcoin. Check out the chart here – even on a day Alan Greenspan takes a swipe at it. Plus – another export is brewing something big in China – we’ll serve it up, next.
Catch The Final Round at 3:55 p.m. with Jen Rogers with Yahoo Finance Editor-in-Chief Andy Serwer and Jeff Saut of Raymond James.
Winners and losers
Stocks in the red today include Tronox as the FTC said it will challenge the titanium dioxide producers merger with rival Cristal, Kemours as Goldman downgraded the chemicals company to ‘neutral’ and slashed its price target to $55, and Edison International – shares of the California utility keep dropping as wildfires rage in southern California.
Stocks in the green today include Square after the payments firm tweeted plans to allow more customers to buy and sell bitcoin on its Cash app, Dave & Busters as the arcade operator reported soft sales, but beat Wall Street expectations on profits, and DaVita – shares jumping as the kidney care company will be bought by UnitedHealth for $4.9 billion. Note that Warren Buffett’s Berkshire Hathaway made a quick one day profit of $230 million on the deal, as it is Davita’s largest shareholder.
