Stocks (^DJI, ^GSPC, ^IXIC) slide as tax bill concerns persist. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Today we discuss:
Disney finally closes its $52 billion tie-up with Fox. But is it really a done deal?
Net neutrality got the axe today. What the vote means for Netflix, Facebook and Amazon.
Two signs of the market top.
Alicia Levine, director of Portfolio Market Strategy at BNY Mellon, says the economy will hit a “sweet spot” in 2018.
Winners and Losers
Stocks ending the day in the red include:
Valeant Pharmaceuticals on a downgrade to underweight at JPMorgan;
Pier 1 Imports after the home goods retailer reported weaker-than-expected current-quarter guidance;
Sanderson Farms after earnings fell short of expectations, in part due to higher-than-expected chicken production.
Stocks in the green today include:
Teva Pharmaceutical after the company announced it’s cutting more than 25% of its workforce;
Tiffany after an upgrade to buy at Citi;
Disney after announcing it’s spending $52 billion for most of 21st Century Fox’s film and TV assets.
