Earnings disappointments from McDonald's and Travelers knocked the Dow lower
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| | | 10/22/2019 | |
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| Dow Slides on Mixed Blue-Chip Earnings | | By Lillian Currens | | With earnings season at full tilt, a mixed day of of blue chip reports wound up sending the Dow lower during that last hour of trading. The index initially inched higher after Procter & Gamble (PG) and United Technologies (UTX) both posted well-received quarterly reports, but eventually succumbed to disappointing results from Travelers (TRV) and McDonald's (MCD). Elsewhere, news that 47 attorneys general are probing Facebook (FB) for alleged antitrust violations pressured the tech-rich Nasdaq, while the S&P also ended lower. Continue reading for more on today's market, including: - Outperforming Hershey stock is a sweet pick for bulls right now.
- The struggling mining stock that could dig itself an even deeper hole after tomorrow's earnings.
- Why traders scrambled toward options after this Biogen bombshell.
- Plus, the partnership pushing Stamps.com stock higher; 2 cloud stocks getting bullish attention; and Under Armour's latest C-suite shakeup.
| | >> Continue reading... | |
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