Stocks in flux as health care bill in limbo
Stocks (^DJI, ^GSPC, ^IXIC) are in flux as traders grow jittery as the GOP’s health care plan … is on life support. We have the latest. Plus, Trump’s choice for the SEC taking fire on the Hill. Will conflicts of interest hamper the SEC? Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Let’s take a look at some of today’s winners and losers. Stocks in the red today include Ultragenyx Pharmaceutical on disappointing drug trial results, Accenture as full-year profit guidance disappoints, and Scholastic – shares dropping after the publisher reported a wider than expected loss, with revenue missing estimates as well.
Stocks getting a lift today include Ferrari following an upgrade to ‘buy’ at Citi, Five Below as comparable store sales topped street estimates, and FireEye – shares surging after Goldman upgraded shares to ‘buy,’ citing optimism from the company’s advanced analytics program.
Looking ahead
It’s the theme of the week– more Fed speak, with four Fed presidents giving their economic outlook in the morning.
And speaking of the Fed, we’ll get a look at durable goods orders and business investment– numbers they’re watching closely.
Finally, we’ll get even more manufacturing data with flash PMI. We’ll see if February’s slowdown continues…
