The Dow soaring to a new closing high as earnings lead the way. Plus – Chipotle, AT&T earnings are on the way — we’ll have them live. And, Target and other big box retailers have a new weapon against Amazon, and it involves … groceries. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.
Winners and losers
Stocks in the red today include Lockheed Martin as the defense name missed on both profit and revenue; Novartis as the Swiss drug giant will delay its Alcon spin off until 2019; and Whirlpool – shares tanking on a profit warning as well as reports claiming Sears is no longer selling Whirlpool appliances which include Maytag KitchenAid, and Jenn-Air brands.
Stocks in the green today include Caterpillar as the world’s largest construction construction equipment maker reported a massive earnings beat; 3M as the Scotch Tape and Post-It maker raised its full-year guidance citing organic growth across its business units; and GM, with shares climbing higher as the automaker beat on the earnings, citing strong crossover demand for vehicles like the Chevy Traverse and GMC Acadia, as well as strong sales in China.
Why bitcoin matters
Bitcoin is about as popular on Wall Street as Bernie Madoff these days. Everyone loves to talk about the blockchain, but Dan Roberts is here to tell us why Bitcoin matters.