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Hot Stock Minute
  • Stocks end slightly lower; Herbalife loses 11% ahead of Ackman's presentation

    Dean Arrindell at Hot Stock Minute14 hrs ago

    Stocks began the day down sharply but began to recover after President Obama’s remarks about the conflicts in Gaza and Ukraine. Stocks ended the day slightly lower with the Dow (^DJI) down 48 points at 17,052, while the Nasdaq (^IXIC) fell 7 points to 4,425 and the S&P 500 (^GSPC) closed the day down 5 points at 1,974.

    Herbalife was among the biggest losers, ending the day down $6.82 -- dropping more than 11% -- to $54.02 after hedge fund manager William Ackman said his Pershing Square Capital will make a presentation on Tuesday that will “expose incredible fraud" at the company.

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  • Stocks recover from Thursday's decline and refocus on earnings

    Kathy Cherpelis at Hot Stock Minute3 days ago

    Investors shrugged off geopolitical concerns that weighed on the markets on Thursday, and instead turned their attention to corporate earnings once again. The Dow (^DJI) gained 123 points to close at 17,100, recovering three-quarters of Thursday's losses. The Nasdaq (^IXIC) rose 69 points to 4,432 and the S&P 500 (^GSPC) rose 20 points to 1,978. 

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  • Stocks unnerved by Malaysian plane crash; the Dow loses 161 points

    Dean Arrindell at Hot Stock Minute4 days ago

    The crash of a Malaysian plane flying over Eastern Ukraine apparently after it was hit by a missile unnerved the stock market. The Dow (^DJI) lost 161 points to close at 16,977, while the Nasdaq (^IXIC) fell 63 points to 4,363 and the S&P 500 (^GSPC) fell 23 points to 1,958 -- all near the day's lows.

    Even before news broke about the crash in early afternoon, stocks were trading lower because of additional sanctions announced by the U.S. and EU against Russia for supporting separatist forces in Eastern Ukraine. In late afternoon the U.N. Security Council announced it would hold an emergency meeting Friday on the situation in Ukraine.

    In other news, the Commerce Department said U.S. home construction fell 9.3% in June to 893,000 -- the  lowest number since September 2013. And initial jobless claims fell last week 3,000 to 302,000, according to the Labor Department.

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