Unpacking Box Stock's Big Day

The Nasdaq sank deeper into the red this afternoon

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Schaeffer's Market Recap
5/10/2021
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Dow Snaps Three-Day Win Streak Amid Big Tech Selloff


By: Fernanda Horner

The Dow tumbled from an intraday record today, erasing most of its gains in the last hour of trading to finish 34 points lower, despite a shift to reopening plays and energy stocks earlier in the session. The S&P 500 also closed with a modest loss, falling just short of Friday's record high, while the Nasdaq sank deeper into the red as traders dumped tech en masse.

Elsewhere, Wall Street is monitoring the aftermath of this weekend's cyberattack, which led to the Colonial Pipeline shutdown. Traders are also keeping an eye on rebounding transportation stocks, which can often serve as an indicator of global economic activity.

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

  • BOX moved higher after an investor shakeup.
  • This restaurant stock typically surges post-earnings.
  • Plus, analyst upgrades venue operator; unpacking Marriot stock's revenue miss; and how to take advantage of earnings season. 
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