Wall Street (^DJI, ^GSPC, ^IXIC) reacts to House pulling health care bill. Who wins and loses on the news? We break it down and what it means for the markets. Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Outside of health care, let’s take a look at some of today’s winners and losers on Wall Street. Stocks ending the week in the red include Finish Line as the athletic retailer reported a same-store sales slide; Xenon Pharmaceuticals on disappointing results for its severe acne treatment; and GameStop, with investors losing out today as the video game retailer missed on revenue, and called the video game sector “weak.”
Stocks getting a lift today include Micron Technology as the chipmaker gave an upbeat forecast citing improved demand; SeaWorld as a Chinese investment firm bought a 21% stake in the company from Blackstone; and Under Armour, with shares rising as Jefferies upgraded the stock citing valuation. Separately, Under Armour revealed its 3-D printed sneakers will arrive later this month.
Looking ahead
The Fed really ramps up with eight different governors speaking during the week.
On Tuesday a big read on the housing sector comes with the S&P Corelogic Case-Shiller Home Price index for January.
On Thursday we’ll get the final revision of fourth quarter GDP. Economists are looking for a slight bump up in the number.
