Another scandal from the White House rocked financial markets in the most punishing day of the year and the worst for the S&P 500 since September. Financials stocks were the hardest hit. Colgate-Palmolive (CL) surged on reports CEO Ian Cook is contemplating a sale. Cook reportedly told institutional investors that a potential deal could put Colgate at $100 a share, pushing the total value to $88 billion. Urban Outfitters (URBN) declined after disappointing quarterly sales. Revenue inched 0.2% lower, falling short of consensus. Net income also missed expectations. Advanced Micro Devices (AMD) tumbled following weak earnings guidance. The chipmaker surged a day earlier on a rumored licensing deal with rival Intel (INTC) .
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