The Fed is in focus—Yellen speaks, the Beige Book is out, and investors are listening. Yahoo Finance’s Nicole Sinclair breaks down all the action as stocks sold off into the close in volatile trading.
Winners and Losers
Let's take a look at some of the winners and losers from today's session. Trading to the downside were Hewlett Packard (HPQ), Viacom (VIAB), and Bob Evans Farms (BOBE), the restaurant chain and Southern-style packaged food maker adjusted sales forecasts and now projects same-store sales declines.
On the flipside, today's big winners were tech firms like Netflix (NFLX), Qualcomm (QCOM), and Yahoo (YHOO). Yahoo Finance's corporate parent is climbing on reports the company is weighing a sale of its core Internet business and whether it will spin off its stake in Alibaba (BABA).
FedEx’s holiday game plan
Turning now to FedEx (FDX). The holidays are big business for retailers, but as online sales boom, it's becoming an even bigger business for shippers. Yahoo Finance has the story on how FedEx is prepping for its busiest time of year.
Pogue’s holiday picks
Sticking with the holidays, Yahoo Tech Founder David Pogue reveals his top gadget gift ideas for any budget.
- All eyes will be on the European Central Bank chief Mario Draghi, as investors expect a rate cut and possible further action regarding monetary easing.
- And it's Yellen time again, with the Fed Chair set to testify before the Joint Economic Committee in Washington, D.C.
- We'll also get another check on the economy with factory orders and initial jobless claims data.