The Dow was down more than 160 points at its session lows
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| | | 9/26/2019 | |
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| Stocks Drop as Trade, Impeachment Woes Weigh | | By Patrick Martin | | After trading down over 160 points at its session lows, the Dow staged a late-day rebound -- and briefly explored positive territory -- before ultimately ending lower. Stocks pared their losses in the eleventh hour, thanks to positive trade comments from Chinese foreign minister Wang Yi, who said the U.S. has shown goodwill by waiving tariffs on products. Nevertheless, the Dow ended in the red with the S&P 500 and Nasdaq, with the tech-heavy latter under pressure amid reports the White House may not extend waivers to Huawei's U.S. suppliers. Investors are also still digesting the whistleblower complaint released this morning, which has put renewed pressure on President Donald Trump amid impeachment inquiries. Continue reading for more on today's market, including: - Options traders are loving this new McDonald's partner.
- This Schaeffer's straddle trade locked in 110% profits in under two weeks.
- Rite Aid and Conagra Brands soared after earnings today.
- Plus, 2 gold stocks in focus; bearish bets on Skyworks stock; and another bull note for Target stock.
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