U.S. stocks plunge after Shanghai halt; S&P top gainers in 2016; self-flying passenger drone
U.S. stocks (^DJI, ^GSPC, ^IXIC) cut losses in half after plunging, following a selloff in China. Chinese stocks dove more than 7% before trading was halted, marking the shortest trading day in the market’s 25-year history. Jonathan Corpina of Meridian Equity Partners joins us from the floor of the NYSE to talk about today's big downside moves.
To discuss some of the other stories Yahoo Finance is keeping an eye on today, Alexis Christoforous is joined by Yahoo Finance's Rick Newman and Reuters stocks correspondent Chuck Mikolajczak.
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Top S&P 500 gainers YTD
Despite the bad news in 2016, fourteen percent of stocks in the S&P 500 are actually in the green so far this year. Among the top five are retailers Kohl's, Macy's, and Signet, each up more than 5%. What's behind the upward move in the retail industry?
Autonomous drone that seats one is unveiled at CES
Chinese firm Ehang unveils a self-flying drone that can carry one passenger. The new device, called 184, will reportedly cost between $200,000 and $300,000. What’s the company’s plan for its new product and will this idea take off?
