Stocks slump as Cohn exit spooks traders
Call it the Cohn effect. Stocks sink as protectionist fears build in Washington. Plus, winter storm Quinn slamming the East Coast. We have the latest and what it means for the economy. And, Best Buy employees … working for the FBI? We break down a scandal in the making. Plus, Okta reports after the bell, and the CEO is here to tell us more about why identity management is becoming big business. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include Dollar Tree as current quarter guidance missed the mar; Mondelez as Bloomberg reports Morgan Stanley is offering 19.5 million shares for sale; and Ross Stores, with shares of the discount retailer down despite an earnings beat, as it issued a cautious fiscal 2018 profit guidance
Stocks in the green include H&R Block as the tax prep service reported an earnings beat and said it had a ‘strong tax season;’ Autodesk as the software firm beat on both the top and bottom line, yet guidance was light; and Abercrombie & Fitch, with shares climbing as the much-maligned teen retailer beat on earnings as same store sales in the holiday quarter jumped 5%.
