Stocks (^DJI, ^GSPC, ^IXIC) meandering but tech outperforms again with the Nasdaq at a fresh record high. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.
Winners and losers
Stocks getting hit today include Chicago Bride & Iron as profit and revenue missed the mark, Cytokinetics as the biopharma company priced a secondary offering of over 5.2 million new shares at $14.25, and Hertz – shares of the car rental chain tumbling as lower US pricing contributed to a wider than expected quarterly loss.
Stocks getting a boost today include Marriott as higher room rates led to an earnings beat for the hotel operator, Wayfair as the online home furnishings company beat on both the top and bottom line, and Valeant — shares of the drugmaker popping after it reported a profit for the quarter, and lifted its full-year earnings guidance.
Zevia CEO on the soft drink industry
Cola sales, and those of sugary drinks, have been slipping – BUT – could sweeteners like stevia be the key to their revival? Earlier we spoke to Zevia CEO Paddy Spence, whose company uses stevia in its carbonated drinks, about why soda sales have been slipping recently.
- At 10:30 a.m. big data for the oil trade with the EIA’s crude inventory report. Last week inventories fell by nearly 1 million barrels.
- The Fed-speak rolls on with speeches by the Boston Fed’s Eric Rosengren, followed by the Minneapolis Fed’s Neel Kashkari.
- Finally after the bell on Wednesday Snap releases earnings for the first time as a public company. We’ll have that report for you tomorrow, live.