Stocks slump as fear builds on Wall Street; Snap, Nvidia earnings on tap

Stocks (^DJI, ^GSPC, ^IXIC) selling off as fear builds on Wall Street. Plus – Snap and Nvidia earnings after the bell, we’ll have those for you. And – how do you protect your investments ahead of earnings related moves? We have your playbook. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.

Winners and losers

Stocks fighting the tough tape today include Invitation Homes as it will merge with Starwood Waypoint Homes in a stock-for-stock merger; Live Nation on an earnings and revenue beat as concert ticket sales jumped 22% from a year ago; and Perrigo, with shares soaring after a profit and revenue beat, as the drugmaker’s full-year earnings forecast topped expectations.

Stocks deep in the red today include Kohl’s despite an earnings beat as same store sales dropped four-tenths of a percent; Chicago Bridge & Iron as the energy infrastructure company reported a huge surprise loss and suspended its dividend,\; and Blue Apron, with shares of the meal kit maker tumbling after its first earnings report as a public company, as it reported a much wider profit loss than expected.

Strategies for earnings season

Earnings season rolls on with big after-hours reports. But how do you protect, or hedge, your investments when you think a volatile earnings reaction could be coming? Joining us now for more is Tyler Konesky, who sits on the Trading Strategy Desk at our sponsor Fidelity Investments.

Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, contact Fidelity Investments by calling 800-544-5115 to receive a copy of Characteristics and Risks of Standardized Options, or review it online. Supporting documentation for any claims, if applicable, will be furnished upon request.

 

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