The Stock Sinking on FAANG Rumors

Earnings disappointments from Goldman Sachs and Citigroup continue to weigh on indexes

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MIDDAY MARKET CHECK     4/15/2019
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Stocks Suffer on Big Bank Earnings By Lillian Currens Share On This morning's disappointing earnings report from Goldman Sachs (GS) continues to weigh on the Dow Jones Industrial Average (DJI), while a negative earnings reaction for fellow bank stock Citigroup (C) is dragging the S&P 500 Index (SPX) into the red. Elsewhere, traders are still digesting Treasury Secretary Steven Mnuchin's comments that the U.S. is prepared to take "repercussions" if it does not comply with Chinese trade demands once a concrete deal is reached, but he is hopeful that the countries are "getting very close to the final round" of talks. Continue reading for more on today's market, including:  Bio-Path stock is skyrocketing on an SEC update The FAANG rumors sinking this streaming stock.  Plus, options traders hop on URBN stock; Fibrocell Stock soars; and the weed stock down after earnings.   >> Continue reading...
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