Stocks are dropping here with the Dow leading the way lower. Plus is it endgame in Comcast’s war with Disney over Fox? We have the latest. And, is regulation a positive catalyst for Facebook? Wall Street says, “Yes.” Plus, move over Zuckerberg — the youngest billionaire ever may be an instagram celeb. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include US Cellular as JPMorgan cuts shares to Sell, citing the mobile operator’s lack of 5G initiatives; Cedar Fair as the theme park operator saw attendance decline 3% year over year; and American Airlines, as it trimmed its outlook for second-quarter unit revenue growth, citing pricing pressure for domestic flights.
Stocks in the green include LendingTree as insider GCI Liberty revealed in a filing that it bought 220,000 shares last week; Myriad Genetics as Morgan Stanley upgraded shares to Overweight, citing stability in sales of its HCT hereditary cancer test; and Fastenal, with shares ripping higher as the construction products maker beat on profit and revenue and upped its dividend.