Cloud Stock Sinks on Rare Downgrade

Stocks are attempting to recover some of Friday's steep losses

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Midday Market Check
 
 

3/25/2019

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Dow Edges Higher Despite Tech Weakness

By Emma Duncan

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U.S. stocks are cautiously higher at midday. Trade-sensitive Caterpillar (CAT) is the top stock on the Dow Jones Industrial Average (DJI), as Wall Street awaits news from the latest round of U.S.-China trade talks. Speculators are also optimistic after Robert Mueller found no evidence that President Donald Trump colluded with Russia. On the other hand, Apple (AAPL) is lower ahead of a highly anticipated streaming event this afternoon. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also slightly higher, attempting to recover from Friday's recession fears that triggered a sell-off. Meanwhile, former Fed Chair Janet Yellen weighed in on the inverted yield curve, saying she doesn't see it as a sign of recession.

Continue reading for more on today's market, including:

  • Cloud stock sinking on a rare downgrade.
  • Analyst: This biopharma stock is "underappreciated."
  • Plus, TROX attracts option bulls; and 2 stocks at the top and bottom of the NYSE.
>> Continue reading...
LATEST HEADLINES

>> Apple Streaming Event Sparks Heavy Options Trading
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>> Canopy Growth Stock Swings After Licensing Update
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SRPT was initially higher after an update on its DMD treatment
>> Cloud Stock Sinks on Rare Downgrade
The brokerage firm also downgraded the cloud stock to "sell"
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