Stocks struggled to hold above record levels following a winning streak that propelled the Dow Jones Industrial Average and S&P 500 to all-time highs last week. Any gains for the three major indexes would mark all-time closing highs.
Hasbro Inc. (HAS) was the biggest loser on the S&P 500 after issuing weaker guidance than anticipated. The third-largest toymaker in the world anticipates fourth-quarter sales growth no higher than 7%, below consensus of 11%.
Hasbro weighed on competitor Mattel Inc. (MAT) . The Barbie parent was on track to end with its worst daily performance in just over a month ahead of its earnings after the bell Thursday.
Netflix Inc. (NFLX) will offer $1.6 billion in a debt offering to finance content production and acquisition. The streaming service has invested heavily in original content in recent years to better compete with a rising number of video-on-demand platforms.
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