Stocks push higher as energy leads the way
Stocks are getting a nice lift here as oil — and interest rates — push higher. Plus, fallout from the Michael Cohen scandal hits AT&T and Novartis. And, we have after- hours earnings from 21st Century Fox and Roku coming up. Plus, Walmart heads to India while Amazon heads into your home. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the green include Facebook, as the social networking site announces major executive restructuring and the creation of a group to explore ways to use blockchain technology across its products; Wolverine Worldwide getting a pop as the footwear manufacturer reported a sharp rise in its first-quarter profit after restructuring; and Sears, with shares surging as the retailer will start delivering and installing car tires for customers who purchase them through Amazon.
Stocks in the red include Ford, as a fire at a supplier’s plant in Michigan last week could halt production of its bestselling and most profitable F-150 truck; Monster Beverage as earnings and revenue missed the mark, with management cautioning higher costs could pressure margins; and Walmart, with shares dropping after the retailer agrees to buy controlling stake in India-based online retailer Flipkart for $16 billion.
