Stocks flat as the Fed hikes rates for the 2nd time this year. Plus – bitcoin keeps tumbling as a new report signals manipulation. We have the latest. And – a feeding frenzy coming the media world? Why the AT&T Time Warner ruling may open the flood gates. Plus Apple cracking down on developers accessing user data. Will it make a difference? Catch The Final Round at 3:55 ET p.m. with Stephanie Sy and Yahoo Finance’s Andy Serwer.
Winners and losers
Stocks in the red include VTV Therapeutics as its late stage Alzheimer treatment failed to achieve its primary endpoint, Yelp as Aegis Capital downgraded the review site to “Sell” and lowered its price target to $34, and H&R Block – shares getting cut as the tax prep firm’s sales guidance missed the mark, with analysts claiming a simplified tax code will weigh on results.
Stocks in the green include Korn/Ferry as the staffing company beat hits a record high powered by an earnings and revenue beat, Express Scripts as a the ruling to clear the merger of AT&T and Time Warner bodes well for Cigna’s pending purchase of pharmacy benefit manager, and Netflix – shares surging as Goldman hikes its price target by $100 to street high $490, citing future subscriber growth.