The tech trade is in focus. Will Microsoft and ebay earnings after the bell launch the red-hot sector even higher (^DJI, ^GSPC, ^IXIC)? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red today include Sherwin Williams as the paint maker posted a big miss on earnings and offered weak guidance, Inovio Pharmaceuticals after announcing plans to raise $88 million through a secondary share offering, and Qualcomm. Shares of the chipmaker sinking as earnings dropped 40% from a year ago and current-quarter guidance disappointed.
Meanwhile, stocks moving higher today include Avista, as the utility company agreed to be acquired by Canadian rival Hydro One in a deal valued at $5.3 billion; Nike on an upgrade to overweight at Morgan Stanley and Sears. The department store reached an agreement to sell its Kenmore products on Amazon. The deal also knocked a combined $13 billion off of Home Depot, Lowe’s, Whirlpool and Best Buy stocks.
Breaking down the big week for banks
From earnings to branch closures to mobile wallets it’s been a big week for bank news. Here to help us sort through it all Tiffany Mazzone.