Schaeffer's Midday Market Check Boeing and Pfizer are other blue chips under pressure today
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| | | 7/08/2019 | |
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| Dow Sinks With Apple | | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is staring at a triple-digit deficit at midday, weighed down by newly downgraded Apple (AAPL), as well as rough outings from fellow blue chips Boeing (BA) and Pfizer (PFE). Investors are also preparing for comments from Fed Chair Jerome Powell on Wednesday, after the prospects of a July rate cut took a hit on Friday. Elsewhere, oil prices continue to creep higher, with August-dated crude futures up 1.1% at $58.12 per barrel, as tensions with Iran simmer. Continue reading for more on today's market, including: - 2 drug stocks flying high today.
- Applied Materials stock was part of a sector-wide downgrade.
- Plus, big bets on a Chewy pullback; Rite Aid stays hot; and NetApp downgraded.
| | >> Continue reading... | |
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