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Stocks whipsawed on Draghi comments, crude's drop

Stocks whipsawed as oil drops, and Mario Draghi waffles on what’s next for the ECB. Catch The Final Round at 4p ET with Jen Rogers and markets correspondent Nicole Sinclair.

Winners and losers

Stocks dropping today include rail operator Union Pacific as profit slipped on weakening demand, Ebay as the online auction site gave a current quarter forecast that missed estimates, and Verizon – shares dropping after the company reported a revenue miss and subscriber growth that disappointed investors. As a disclosure, Verizon has agreed to buy the core business of Yahoo, Yahoo Finance’s corporate parent.

Stocks pulling higher today include American Express as the company raised its profit outlook for the year on better credit quality and increased focus on its platinum card, digital health care solutions firm iRhythm surging on the day of its public offering (UP xx%), and Mattel – shares of the toymaker jumping after an earnings and revenue beat, with the company seeing a strong rebound in Barbie merchandise sales as well as its American Girl unit.

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Clinton advisor Laura Tyson

Economist Laura Tyson served as The Chair of the Council of Economic Advisors under President Bill Clinton. She’s now an advisor to Hillary Clinton’s campaign and a professor at the Haas School of Business out at the University of California at Berkeley. She joins us now.

Looking ahead

  • The Fed speak rolls on with influential Fed Governor Daniel Tarullo speaking in the morning, followed by San Francisco Fed President John Williams in the afternoon.

  • Baker Hughes will release its weekly US rig count. Last week the highly watched gauge was up by 4, the 7th straight week of gains.

  • Finally earnings reports tomorrow, big ones from Dow components McDonalds, and industrial heavyweight General Electric.