Investors returned from the long weekend break in a bearish mood. The threat of conflict with North Korea came back into focus, while a sharp selloff in financials stocks weighed on benchmark indexes. The Dow Jones Industrial Average fell more than 150 points. Delta Air Lines Inc. (DAL) moved lower after reducing a key passenger metric for its third quarter. Passenger unit revenue is expected to climb by 2% to 3% over the period, lower than previously targeted. Operating margins were also lowered. Factory orders retreated at a slightly faster pace than anticipated in July. New orders for U.S. manufactured goods fell by 3.3% percent, its steepest decline in nearly three years. Walt Disney Co. (DIS) was upgraded to OUTPERFORM from MARKET PERFORM at Wells Fargo. Analysts changed their rating based on Disney's improved direct-to-consumer streaming strategy.
Are machines jumping on Johnson & Johnson's human risk headlines?
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.
