Yahoo Finance Stocks slide as Clinton, Trump showdown looms
Stocks slipping late in the trading day, with the showdown between Hillary Clinton, and Donald Trump looming tonight. Catch The Final Round with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer.
Winners and losers
Stocks sinking with the broader market include Land’s End after the retailer announced the resignation of its CEO, Deutsche Bank on investor concerns over a potential capital raise ahead of an anticipated settlement with the Justice Department, and Retailmenot. Shares of the coupon website falling after a downgrade to sell at Stifel Nicolaus, noting that third-party data suggests that current quarter traffic has deteriorated.
On the flip side, stocks in the green today include chemical firm Chemtura after accepting a $2.4 billion buyout offer from German chemical maker Lanxess, ATM maker Diebold on an upgrade to overweight at JPMorgan, and GW Pharmaceuticals. Shares of the British biotech firm surging after it announced promising clinical trial results for its cannabis-based epilepsy treatment, paving the way for regulatory approval.
Microsoft’s next big bet
Microsoft is leading the way with its HoloLens project. Yahoo Finance’s Dan Howley explains why augmented reality could the future of digital.
Looking ahead
At 9AM Eastern we’ll get the S&P Case-Shiller home price index for July. The consensus estimate is for a seasonally adjusted 0.1% gain month over month.
Later on we’ll get PMI’s services sector index for September. The prior month’s reading registered a 50.9.
Following that we’ll get the Conference Board’s Consumer Confidence index for September. The consensus estimate is for 98.8, a slight down tick from the prior month.
