Investors got a bit of relief as stocks (^DJI, ^GSPC, ^IXIC) rebound from the worst day of 2017. 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 Petroleo Brasilero as a bribery scandal hitting the President of Brazil has stocks there plunging; and Cisco, with shares getting zapped after it issued weaker-than-expected guidance and announced 1,100 layoffs.
Stocks getting a boost today include athenahealth as Elliott Associates reports a 9% stake in the e-medical records company; and Pandora, with shares of the internet radio service popping again today as the NY Post reports Sirius XM is in talks to acquire Pandora, with bids in the range of $12 to $13 a share.
Cavs–Warriors III: Implications of the dream match-up
The NBA’s Cavaliers in the East and the Golden State Warriors in the West are hurtling towards another showdown in the finals, which would be their third straight championship showdown. Here to breakdown what it all means from a business point of view is Yahoo Finance writer Dan Roberts.
- The Fed-speak continues with speeches by the St. Louis Fed’s James Bullard and the San Francisco Fed’s John Williams.
- At 1 p.m. ET, Baker Hughes releases its weekly rig count figures. In the prior week the rig count rose for the 17th straight time.
- Finally, earnings season is rolling on with reports from Campbell Soup, Foot Locker, and global growth bellwether, Deere.