Stock Market Today - 09/03/15
Wall Street tried to rally for a second day after European Central Bank President Mario Draghi hinted that fresh stimulus could be needed, but stocks lost steam midday to close the session mixed. The Nasdaq lost 0.4% while the S&P 500 gained 0.1%. Lannett popped 13% after announcing late Wed. that it was acquiring another drugmaker for $1.2 billion. DR Horton rose 2% as the homebuilder group rallied. On the downside, Netflix dropped more than 4%, marking a fifth straight session of losses. The video streaming company is feeling pressure from Amazon, Hulu and even Apple. Five below fell 9% after reporting weaker-than-expected Q2 sales and guidance late Wednesday.