Stocks (^DJI, ^GSPC, ^IXIC) waver as Fed minutes show members divided over unwinding a massive balance sheet and further rate hikes. Amazon’s newest home assistant is here. We demo the Amazon Echo Show live. Plus, the leisure trade is on fire. Will the hotel and casino stocks keep up the pace? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Mark Spellman of Alpine Funds.
Winners and losers
Stocks in the green today include Monogram as the REIT agreed to be acquired by Greystar Growth and Income Fund for $2 billion; Athenex as the drugmaker announced it has submitted a cancer treatment to China’s FDA; and Baidu, with shares jumping as the Chinese search engine announced a slew of AI and autonomous driving partnerships from the likes of Nvidia and Conexant.
Stocks in the red today include O’Reilly Auto parts as the retailer reported same-store sales well below estimates and prior guidance; Buffalo Wild Wings as Stephens downgraded the stock to ‘equal-weight’ citing a proxy fight and recent loss of its CEO; and Tesla, with shares getting zapped after the carmaker reported deliveries for Q2 missed estimate by 2000 vehicles.
Amazon Echo Show review
Amazon’s latest addition to it’s Echo home assistant family is here: the Echo Show. Yahoo tech editor Dan Howley has tried it out for a few days.