The Brexit aftershocks are roiling markets, with stocks selling off for a second straight day. Fear is building in the markets, and the financials are clearly in focus. Catch The Final Round with Jen Rogers, markets correspondent Nicole Sinclair, and Bloomberg Gadfly columnist Mike Regan.
Buy US banks?
Are US banks now your best trade with European banks in trouble? Veteran bank analyst Dick Bove of Rafferty Capital makes the case.
Unwinding a Brexit vote
Just a few days after the UK's shocking vote to leave the European Union, millions of Britons are asking for a do-over. But is it possible to stop the process? Yahoo Finance's Justine Underhill has more at the charts.
Winners and losers
Stocks slipping into the red include Fiat Chrysler as Goldman removed the automaker from its Conviction Buy List; WisdomTree getting hit as Citi slapped a sell rating on the ETF asset manager; and the online travel site Priceline falling on its exposure to the UK, where its booking.com subsidiary is very popular.
Stocks on the move higher include medical devicemaker Heartware on its acquisition by Medtronic; GW Pharma shares soaring on positive results for its childhood epilepsy treatment; and Skullcandy, the headphone maker, rocking and rolling after it announced receiving an unsolicited buyout offer from Mill Road Capital. On Friday the company had announced it was getting bought out by smartphone accessory-maker Incipio.
Looking ahead
It all starts at 8:30 a.m. Eastern. We'll get a 3rd and final estimate on first quarter GDP. The street's hoping for more than the prior reading of 0.8% growth quarter over quarter.
Also in the morning we'll get S&P Case Shiller's home price index for April. The consensus is for a seasonally adjusted 0.6% gain month over month.
Finally the world's largest athletic supplier, Nike, reports earnings after the bell. We'll have those for you tomorrow, live.
