Stocks weak as GOP suffers election losses
Stocks are choppy after the GOP suffers an election washout. Plus, the DOJ has new demands for Time Warner’s deal with AT&T. And Jennifer Aniston’s return to the small screen isn’t coming to TV but Apple! Will this be must-see TV? Catch The Final Round at 3:55 p.m. with Yahoo Finance’s Jen Rogers, Editor-in-Chief Andy Serwer and columnist Rick Newman.
Winners and losers
Stocks in the red today include LendingClub as current quarter revenue guidance missed the mark; Fossil as the accessories maker forecast a wider than expected loss for the full year, and Snap, with shares getting crunched as it missed on revenue and daily active users. Separately China’s Tencent acquired a 10% stake in the company.
Stocks in the green today include Take-Two as the video game maker issued a stronger-than-expected holiday sales forecast; MGM Resorts as the casino operator said a short-lived wave of cancellations has ended following the deadly mass shooting in October, and bookings are almost back to normal; and Match Group, with the parent of match.com and Tinder climbing higher as it saw revenue beat estimates with a 19% rise year over rise.
