Stocks gain on data as gas prices surge
Stocks (^DJI, ^GSPC, ^IXIC) climbing to near all-time highs as August comes to a close. Plus – the Wells Fargo scandal deepens with more fake accounts- could it get even worse for the beleaguered bank And – as money pours into stocks across the pond, are investors missing out on a big Eastern European growth story? Plus – the latest Mario video game is out – will it be a big game-changer for Nintendo? We have the review. Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance markets correspondent Nicole Sinclair.
Winners and losers
Stocks in the red today include Dollar General as the discounter’s good quarter wasn’t enough to allay concerns over tightening margins; Ciena as the networking equipment maker lowered its fourth quarter sales guidance, and Campbell Soup – shares cooling off for the food company missed on earnings and guidance, citing a challenging environment.
Stocks in the green today include Shoe Carnival as the retailer beat on both the top and bottom lines, Momo as Goldman Sachs initiated the Chinese mobile app-maker with a ‘buy’ rating and $56 price target, and Expedia – shares on the rise for the travel site as it named CFO Mark Okerstrom as its new CEO, following the departure of Dara Khosrowshahi to Uber.
Is Poland the next big trade in Europe?
Over the past three decades, Poland has transformed itself into a leading emerging market, with one of the highest growth rates in all of Eastern Europe. But could rising tensions between Poland and the EU derail this growth story? Joining us now Mateusz Morawiecki, Deputy Prime Minister of Poland.
