Financials weigh on stocks after mixed economic and earnings news

Stocks (^DJI^GSPC, ^IXIC) are mixed at the midday mark, led by the real estate (XLRE) and utilities (XLU) sectors, while financials (XLV) are the most in the red after three big banks reported earnings before the bell. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance Editor-in-Chief Andy Serwer, as well as Yahoo Finance’s Myles Udland, Melody Hahm and Brooke DiPalma.

Today, on Midday Movers we discuss:

  • Media controversy over AT&T—Time Warner mega-deal
  • Big banks beat on profit, but shares plunge
  • Outlook for Q3 GDP given weak CPI inflation and Retail Sales reports
  • Side hustles: How to get them and what to do with them
  • Opioid epidemic’s impact on the US job market
  • Today’s ‘fake’ holidays
  • Krispy Kreme’s birthday donut deal