Stocks getting hit early as legal fears grow for the White House, but then getting a boost as tax reform hopes rise. Plus – as Trump’s legal woes roll on – what would a President ‘Pence’ mean for the market? And – we dig deeper into that Senate tax plan – could this bill actually make it out of reconciliation? Plus – it’s holiday shopping season – and Dan Howley has the best video game gifts of 2017.
Winners and losers
Stocks in the red today include Big Lots as the discounter as same-store sales missed the mark, Sanofi-Aventis as Morgan Stanley downgraded the drugmaker to ‘underweight,’ and Ulta Beauty – shares of the cosmetics retailer dropping as its forecast for the current quarter missed estimates.
Stocks in the green today include Blue Apron as the meal prep maker’s CEO Matt Salzberg will step down, Nutanix as the cloud storage platform beat on earnings and revenue – and Mylan – shares of the generic drugmaker and its rivals climbing on a CNBC report that Amazon is in talks with generic drugmakers to enter the pharmacy business.