Negligible gains for the Dow Jones Industrial Average were enough to put it at records for another session. The index has ended at records for seven sessions in a row, a streak not seen since mid-February. The rest of the markets finished lower. 3D Systems (DDD) was one of the worst performers in tech following a disappointing second quarter. A net loss of 8 cents a share was double a year earlier. Adjusted earnings fell short of consensus. Avon Products (AVP) sold off after an unexpected loss in its recent quarter and a surprise announcement that its CEO Sheri McCoy was leaving the company. McCoy assumed the position in 2012. Teva Pharmaceuticals (TEVA) lost more than one-fifth of its value after slashing its full-year outlook and reducing its dividend by 75%. Softer guidance was tied to weaker U.S. markets and the ongoing political turmoil in Venezuela.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
