NewsFeeder
04-19-2018, 01:01 PM
Stock market loses ground, with tech and consumer staples leading the skid
Rising yields, however, were seen providing a lift for bank stocks. The biggest loser was consumer staples, which slumped 3.5% following weak results from tobacco giant Philip Morris, as well as an acquisition by Procter & Gamble. First-quarter earnings reports have grabbed investors’ attention this week, with Netflix Inc.(NFLX), Goldman Sachs Group Inc.(GS)and UnitedHealth Group Inc.(UNH)among the companies that have posted encouraging results.
https://finance.yahoo.com/m/4c42bf1e-6665-3bdb-a1a3-8045cd7bcee4/stock-market-loses-ground%2C.html?.tsrc=rss
Rising yields, however, were seen providing a lift for bank stocks. The biggest loser was consumer staples, which slumped 3.5% following weak results from tobacco giant Philip Morris, as well as an acquisition by Procter & Gamble. First-quarter earnings reports have grabbed investors’ attention this week, with Netflix Inc.(NFLX), Goldman Sachs Group Inc.(GS)and UnitedHealth Group Inc.(UNH)among the companies that have posted encouraging results.
https://finance.yahoo.com/m/4c42bf1e-6665-3bdb-a1a3-8045cd7bcee4/stock-market-loses-ground%2C.html?.tsrc=rss