Yahoo Finance Stocks slide despite strong GDP report
Stocks can’t get a boost from a blowout GDP report as tech stocks end the week on a down note. Plus – CBS’s Les Moonves under the microscope as the board investigates allegations of misconduct. We have the latest. And – The week in Trump ends on a high note. We have the Trumpometer reading, coming up. Plus – Alphabet, Facebook, Amazon reports all sending tech on a wild roller coaster ride, What will happen when the Big A reports next week? Catch The Final Round at 3:55 ET p.m. with Myles Udland, Yahoo Finance Editor-in-Chief Andy Serwer and columnist Rick Newman.
Winners and losers
Stocks in the green include Starbucks as the world’s largest coffee chain beat on profit and revenue for the quarter, Expedia as the travel booking site reported strong earnings, citing a 13% jump in gross bookings, and Chipotle – shares smoking hot as the fast casual chain beat on earnings, revenue, and comp sales, as well as raised its comp sales forecast for the remainder of the year.
Stocks in the red include Exxon Mobil as oil and gas giant missed badly on earnings, as maintenance projects around the globe hit its refining unit, Twitter as it reported a revenue miss, and a decline in monthly active users as it tries to clean up its user base from spam accounts and bots, and Helios & Matheson – shares dropping as its MoviePass outage was caused by the company temporarily running out of money, and having to borrowed $5 million in cash to turn the service back on.
