Another day, another big swing in the Dow. Commodities continue to drag here—this time materials lead the way, as weakness in China has caused many to believe there is a global growth problem building.
Winners and losers
Let's take a look at some of today's biggest movers. Moving to the downside are Toll Brothers (TOL), Norfolk Southern (NSC), and Outerwall (OUTR)—the maker of DVD rental kiosks like Redbox getting slammed after reporting that rentals fell to a 4-year low, leading the company to slash its full-year outlook. Guess you can call this the Netflix effect.
Among the stocks fighting the tape higher are NRG Energy (NRG), AutoZone (AZO), and Alexion Pharmaceuticals (ALXN)—the biotech firm was boosted by FDA approval of its drug Kanuma, used for treating patients with a rare enzyme disorder known as LAL deficiency which can lead to serious and life-threatening organ damage, especially when onset begins in infancy.
Kohl’s innovating in stores
Did you know the department store Kohl’s has 200 engineers working on innovation? That right, Kohl's. And as the holidays swing into gear, the retailer is trying to bring consumers through the door, instead of clicking away at home. Yahoo Finance tech reporter Aaron Pressman got a glimpse of what Kohl's is up to.
Acorns App: investing for a younger generation
A recent study by Bankrate found that only 26 percent of Americans under the age of 30 invest in the stock market. The biggest reason millennials are unwilling to invest? Lack of money. Our next guest is looking to change this trend. Jeff Cruttenden is co-founder of the investing app Acorns.
- Athletic and yoga-wear retailer Lululemon reports third-quarter earnings before the bell. The company, followed closely on the street given its past volatile swings on earnings, is down 25% from its 2015 high back in April.
- Nike will implement its 2-for-1 stock split tomorrow, which will take the form of a dividend. Shareholders will be given one additional share for each share of common stock they hold.
- Time Magazine will reveal its person of the year, someone the editors believe has "most influenced the world, for better for worse." Note that Donald Trump has already challenged Time to make him the person of the year—so there's that.