Yahoo Finance Dow drops as trade war tensions weigh
The Dow is falling triple digits as trade war concerns heat up again. Plus, there are big shoes to fill at the White House—Why Larry Kudlow could be Gary Cohn’s heir apparent. And, to infinity and beyond! It’s not Buzz Lightyear; it’s Tesla’s Elon Musk touting his latest plans for Mars. (Doesn’t Musk have more pressing concerns back home?) Sunday was a blowout for golf. Can Tiger’s return get the wayward sport back on track? Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include Boeing as investors weigh the impact of tariffs on steel and aluminum on the planemaker; Voyager Therapeutics as Wedbush downgraded shares to ‘neutral’ with a $29 price target; and Netflix, with shares under pressure as short-seller Citron Research says shares could fall to $300, citing valuation and an unsustainable long-term content spend. Separately, at South By Southwest today Apple’s Eddy Cue suggested Apple wasn’t interested in acquiring Netflix.
Stocks in the green include Oclaro as Lumentum Holdings is going to buy the optical company for $1.8 billion in order to broaden its laser product range; Micron Technology as Instinet hikes its price target to $100 claiming the stock is in the early stages of ‘another major breakout;’ and Broadcom, with shares getting a boost on a Journal report that Intel is considering a range of options pertaining to Qualcomm’s bid for Broadcom, including a bid for Broadcom.
