Stocks weak as health care jumps

Stocks (^DJI, ^GSPC, ^IXIC) climbing here as oil recovers, and health care stocks get a boost from the Senate. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.

Winners and losers

Stocks in the red today include Accenture as the consulting firm cut its 2017 margin outlook; Weibo as China regulators shut down the website’s webcasting services due to a licensing issue; and Hain Celestial, with shares of the tea maker dropping as it released its long-delayed financial results following an internal investigation and issued guidance that missed expectations.

Stocks in the green include SunPower following Donald Trump’s comments on building a border wall with solar panels on it; Novartis on strong results for a new heart drug that reduces inflammation; and Staples, with shares climbing as Reuters reports the office-supply store is in advanced talks to be acquired by Sycamore Partners in a $6 billion deal.

Big banks take on Venmo 

Banks, largely left behind in the peer to peer payment race, are trying to get in on the action. Frank Sorrentino, CEO of community bank ConnectOne, is here to tell us how.

Looking ahead

  • We’ll get some earnings before the bell with reports from Blackberry and Finish Line.
  • At 1pm ET, we’ll get the Baker-Hughes count of oil rigs in the US. Last week we saw that number jump to 747, marking the 22nd week of gains.
  • And we’ve got a bunch of Fed speakers on the docket, including St. Louis Fed’s James Bullard, Cleveland Fed’s Loretta Mester and Governor Jerome Powell.
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