Corporate tax cut delay weighs down markets

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Indications that corporate tax cuts may be delayed until 2019 weighed the markets down to a lower open with the Dow losing 29 points to 23,432. Nasdaq slipped 14 points to 6,736.


On the upside


Shares of Roku (Nasdaq: ROKU) continued to soar.


ArcelorMittal (NYSE: MT) reported higher third quarter earnings and revenue.


Third quarter earnings and revenue climbed for Nvidia (Nasdaq: NVDA) to beat expectations.

 

On the downside


The Trade Desk (Nasdaq: TTD) reported higher third quarter earnings and revenue but the company forecast current quarter revenue below expectations.


Puma Biotechnology (Nasdaq: PBYI) widened losses for the third quarter. 


Ritchie Bros. Auctioneers (NYSE: RBA) reported third quarter earning that missed estimates.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 4 points to 2,580. Bitcoin crashed $394 to $6,780.


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This page contains a single entry by published on November 10, 2017 6:55 AM.

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