

Stocks finished lower as a tech rebound failed to lift markets.
Stocks finished the day down slightly, with the S&P 500 posting a three-day losing streak, as a brief rebound in tech stocks failed to float markets back to the green.
Snap in particular got a much needed boost, gaining more than 9% after Barclays said the stock was at a "turning point" and could reach $18. Still, CCredit Suisse says the brief tech lull could be a great time to buy the sector.
Here’s the scoreboard:
- S&P 500: 2,629.57 (-0.37%)
- Dow: 24,182.00 (-0.44%)
- Nasdaq: 6,762.21 (-0.19%)
- Oil: $57.65 ( 0.35%)
- 10-year treasury bond: 2.76% (-0.04)
- Republicans received two new alarming reviews of their tax plan. A Gallup poll showed 29% of Americans approve of the bill, while 56% disapprove. Meanwhile, a Quinnipiac poll showed 29% approved and 53% disapproved.
- Disney and 21st Century Fox are closing in on a deal that could come as quickly as next week, according to a CNBC report citing sources familiar with the matter. Disney’s stock price sunk 2.7% while Fox was up about 0.3% by close.
- Speculation is growing that Tesla could merge with SpaceX — and it would make a lot of sense.
- There’s a tug of war raging over control of the stock market as sectors trade independently of each other.
In other news…
- Bitcoin blew past another record high as JPMorgan touted its potential as an 'emerging asset class'
- Amazon could have given us a big hint that it's not going to start selling prescription drugs after all.
- Bank of America thinks its stock is cheap. And to show you that it's serious, the firm plans to buy back more of its own shares.
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS