Stocks weak despite jobs report momentum
Stocks are weak despite good news on the jobs front, as pessimism is the name of the game on Wall Street. Catch The Final Round with Yahoo Finance editor-in-chief Andy Serwer, Sarah Hunt of Alpine Funds, and Yahoo Finance columnist Rick Newman.
Winners and losers
Let’s take a look at some of today’s winners and losers. Stocks in the winning column today include FireEye as the cybersecurity products company reported earnings and revenue that topped expectations as demand for its cloud-based products rose; CBS shares moving higher after a beat on its top and bottom lines with CEO Les Moonves saying that advertising was accelerating during the quarter. And shares of Lions Gate surging after reporting a smaller than expected loss, due in part to strong results for its movies and its TV shows.
Stocks hurting to end the week include GoPro following a huge profit and revenue miss and weak current quarter guidance; Alere as the diagnostic test provider posted an unexpected slide in revenue for the latest quarter; and Activision Blizzard, with shares getting crunched as the Call of Duty and World of Warcraft publisher disappointed the Street with its less than robust full-year outlook.
Looking ahead
In case you’ve been living under rock, next Tuesday is Election Day. Don’t forget to vote!
The Fedspeak rolls on throughout the week with big speeches by Fed presidents Charles Evans, John Williams, Neel Kashkari and James Bullard.
Finally, on Friday we’ll get the University of Michigan’s preliminary consumer sentiment index for November. In the prior month the gauge fell to 87.2.