Stocks get shellacked as Trump gets his big tariffs on China. Plus, Facebook shares keep sinking even after Zuckerberg’s PR push. How bad will get for the social media giant? And a major bank is now restricting financing gun sales. Will other banks follow suit, and what does this mean for the gun industry? Plus a look ahead to everything you need to know about tomorrow, today.
Winners and losers
Stocks in the red on this down day include Darden Restaurants as the Olive Garden parent beat on earnings, but revenue and same-stores sales missed the mark; Michael’s as the arts and crafts retailer reports current quarter EPS guidance that was weak; and AbbVie, with shares tumbling here as the drugmaker announced it would not proceed with accelerated FDA approval for its small-cell lung cancer treatment.
Stocks bucking the tough tape include Conagra as the food company issued full-year profit guidance that topped estimates; Pandora as Raymond James upgraded the streaming radio service to Strong Buy, and Guess, with shares ripping higher as the trendy retailer beat on both the top and bottom line.