After a brief respite this week, markets are back in selloff mode in a big way. Yahoo Finance editor-in-chief Andy Serwer and Stephen Guilfoyle of Deep Value Execution Partners broke down today's wild market action.
Winners & losers
Stocks stuck in reverse include Home Depot, Express Scripts, and CSX—the rail operator falling after reporting revenue that missed forecasts, as sales slipped 13% from a year earlier. CSX cited falling coal shipments because of weak demand.
And stocks that revved higher today include Titan Pharmaceuticals, Southwestern Energy, and MetLife—the insurer popping after it revealed plans to sell or spin off much of its retail life insurance unit.
Powerball mania
Given this down market, the Powerball lottery may be looking better and better. The jackpot now stands at a world record $1.5 billion. Tickets are sold in all but six states across the country. The top states in terms of lottery sales last year were New York, Florida, California, and Massachusetts. Surprised to hear the Bay State in that list? Though Massachusetts is the seventh smallest state by land area, its nearly 7 million residents clock-in at number one when it comes to lottery spending per capita—$778 per person.
Looking ahead
Earnings season begins in earnest with JPMorgan set to report before the bell. We'll have full-team coverage starting at 8:30 a.m ET on Yahoo Finance's Market Movers Live.
St. Louis Federal Reserve Bank President James Bullard is the latest Fed talker, discussing the economy and monetary policy in Memphis, Tennessee.
Finally at 8:30 a.m. ET, or the wee hour of 5:30 a.m. in Los Angeles, the Academy of Motion Pictures Arts & Sciences releases the 2015 Oscar nominations. Guillermo del Toro, Ang Lee, and actor John Krasinski will make the announcements ahead of the 88th Oscars Awards ceremony on February 28th.
