The Dow popping over 200 points and Nike blasts off to a new high. Eight years ago today, Tesla IPO’d… and now the automaker hits a new production milestone — but it’ll cost you. We check the charts after a rocky week to see where this market’s headed. Plus, Lebron opts out and hits free agency. Will the gamble pay off? Catch the Final Round at 3:55 p.m. ET with Jen Rogers, Yahoo Finance market correspondent Myles Udland and Yahoo Finance Editor-In-Chief Andy Serwer.
Stocks in the red include Profire Energy as the oilfield services firm announced a secondary offering of 7.5 million shares; Tenet Healthcare as the hospital operator was downgraded to ‘Hold’ at Jefferies citing valuation; and Constellation Brands, with shares of the Corona brewer dropping as it missed on earnings citing higher transportation costs, an unfavorable foreign currency situation, and marketing investments.
Stocks in the green include Vertex Pharmacy as shares soar to a three-month high after rival Galapagos released disappointing results for their cystic fibrosis treatment; KB Home as the homebuilder beat on earnings, citing higher home prices and tighter supply; and Wells Fargo, with shares ripping higher as the bank passed the latest stress tests, and the Fed approved its plan to return $33 billion to shareholders in the coming year.