Stocks surge to record highs as the start of earnings season, powers the way. Plus, it’s been another rocky week for Trump. Could his antics eventually start hurting markets? And Facebook’s overhaul plans rattle investors. Is the company entering uncharted waters here? Plus, will wireless charging be the next big thing or fizzle out in primetime? The CEO of Energous lays out his company’s prospects. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer, reporter Julia La Roche and columnist Rick Newman.
Winners and losers
Stocks in the green include Dick’s Sporting Goods on a Deutsch Bank upgrade to Buy, citing improving industry trends; BlackRock as the asset manager beat on earnings and raised its dividend; and Kohl’s, with shares of the department store chain higher as RBC Capital upgraded it to Sector Perform claiming improving comp store sales.
Stocks in the red include Gamestop as the game retailer took a steep charge to its technology brands business due to the iPhone 10’s limited availability and AT&T’s new compensation structure; Snap as Raymond James downgraded it to Underperform claiming it is nothing more than an ‘overvalued chat company;’ and Facebook, with shares dropping as CEO Mark Zuckerberg announced changes to the newsfeed, prioritizing user content over publishers and brands.