Stocks tumble as rates shoot higher
The Dow poised to shed over 500 points to end the week. Plus – Bitcoin boot-stomped. Lots of damage done to crypto this week, can they recover? And – a massive week for big tech in the books. We sort through the winner and losers. Plus a look ahead to everything you need to know for a big week ahead. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer, Yahoo Finance markets correspondent Myles Udland, and reporter Dan Roberts.
Winners and losers
Stocks in the red include Weatherford as the energy name missed badly on quarterly profit, Teva as BTIG cuts the drugmaker to ‘sell’ citing pressures on the generics business, and Visa – shares slipping here despite an earnings beat as revenue growth was below estimates.
Stocks in the green include Roku as Needham warned short sellers that upside catalysts could result in ‘over-delivering guidance’ in its earnings report later this month, Blue Apron as Gabelli initiates coverage with a buy rating and $6 price target, and Mattel – shares rising as the toymaker reported Barbie sales jumped, and that revenue will stabilize next year.
