Casino Stock Slipping Despite Bull Note

Coronavirus fears are sparking a sell-off from yesterday's record highs

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Midday Market Check
MIDDAY MARKET CHECK
 
 

2/13/2020

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Stocks Move Lower, CSCO Weighs on Dow

By Lillian Currens

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The Dow Jones Industrial Average (DJI) is continuing its tumble off yesterday's record highs, down more than 150 points as coronavirus fears begin to swirl back up and Cisco Systems' (CSCO) third-quarter guidance cut continues to weigh heavily on the index. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) are being dragged lower too, just one day after both helped in the Dow's climb toward fresh highs. Meanwhile, the new virus concerns aren't effecting oil, with March-dated crude futures up 1% to trade at $51.68 per barrel. 

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

  • Casino stock gets a reaction after withdrawing full-year forecast. 
  • The blue chip bellwether in focus today. 
  • Plus, options pits red hot for one REIT; CPAH inks Fiji deal; and MCHX stock slips despite earnings beat. 
>> Continue reading...
LATEST HEADLINES
>> 2 Social Media Stocks With Cheap Options
Both stocks have started 2020 off with modest gains
>> Caterpillar Stock Loses Early Morning Gains on Disappointing Sales
CAT has added 20% over the past six months
>> Guidance Cut Buries Cisco Stock
Analysts have weighed in bullishly and bearishly today
>> MGM Stock Tumbles After CEO Departure
MGM's CEO Jim Murren Stepped down yesterday
>> Stock Futures Fall as Virus Fears Pick Back Up
Earnings from Cisco Systems, PepsiCo, and Alibaba are also in focus
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