Stocks lose early gains as traders digest the latest Mueller indictments. Plus it’s been a big week for the markets and for Wall Street’s biggest whales. We reveal what the big money is holding. And Waymo is moving in on Uber’s turf with autonomous cars. We discuss. Plus, is this a match made in heaven for gamblers? Why FanDuel is going crypto. Catch The Final Round at 3:55 p.m.ET with Myles Udland, Dan Roberts, Melody Hahm and Julia La Roche.
Winners and losers
Stocks in the red include Kraft Heinz as it it missed on both the top and bottom lines last quarter; Shake Shack as the burger chain’s 2018 revenue guidance missed the mark; and Riot Blockchain, with shares of the crypto stock getting hit as CNBC reported on red flags its saw in company, such as postponed annual meetings, insider selling after its name change, and dilutive issuances. Riot Blockchain says the report is a ‘hit piece.’
Stocks in the green include Deere as the global growth name handily beat on profit and revenue; Jack in the Box as activist fund JANA Partners reported a 7.3% stake; and US Steel, with shares ripping higher as the Department of Commerce recommends stiff tariffs for imported aluminum and steel, pushing steel and aluminum producers higher.