Wall Street on edge as stocks tumble

Fear rising in the street as stocks tumble to start the week. Plus – you know what else is sliding – bitcoin. Can it get any worse crypto? And – is the CFPB letting Equifax off the hook? Plus a look ahead to everything you need to know for a huge trading session tomorrow. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer, and Yahoo Finance markets correspondent Myles Udland.

Winners and losers

Stocks bucking a rough market include Church & Dwight as the CPG company behind brands like Arm & Hammer beat on profit and revenue, Bunge as Bloomberg reports Archer Daniels Midland is in advanced talks to acquire the ag commodity trader, and Bristol-Myers Squibb – shares up as the drugmaker reported an earnings and revenue beat, and upbeat trail results for its experimental lung cancer treatment.`

Scroll to continue with content
Ad

Stocks sliding with the overall market include Qualcomm as Broadcom is now offering $82 a share for the mobile chip maker, calling the bid the ‘best and final offer.’ Nvidia and other chip names as Morgan Stanley downgrades the entire tech sector to ‘equalweight,’ and Wells Fargo – shares tumbling after the Federal Reserve came down hard on the bank, with an unprecedented penalty of restricting the bank’s size in response to Wells’ “widespread consumer abuses.”

 


What to Read Next