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Stocks drop to cap rocky week

Stocks waver as a rocky week comes to a close. Is a summer selloff in the cards? Plus, does Apple have a big China problem? We'll let you know why Apple's cash cow could be in trouble. And, "From Russia ... with Drugs"? Russia's entire track and field team got banned from the Olympics. We have the fallout. Catch The Final Round with Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Nicole Sinclair, and Zachary Karabell of Envestnet.

Winners and losers

Stocks moving higher include Elizabeth Arden on its merger with Revlon, gunmaker Smith and Wesson on strong forward guidance, and Lumber Liquidators. The hardwood flooring firm is climbing after the Consumer Product Safety Commission ruled a full recall of China-made laminate flooring wasn't necessary, removing an overhang on the stock.

Stocks ending the week on a down note include telecom systems maker Comtech sliding after announcing a secondary offering, Google parent Alphabet slipping on a Citi report citing decelerating growth in search marketing spending in the current quarter, and Apple sliding on reports that intellectual property officials in China have ordered the company to stop selling the iPhone 6 in Beijing.

Looking ahead

  • On Tuesday, Janet Yellen heads to Capital Hill for her semi-annual testimony in front of the Senate Banking Committee.
  • On Wednesday, oil traders will be eagerly watching the EIA's weekly crude inventory report. Last week we saw a drawdown of 900,000 barrels.
  • Finally, it's the Brexit vote in Britain on Thursday. Yahoo Finance will be live at 6:30 a.m. ET on Friday June 24, with breaking coverage.