Dow plummets 632 points as tech-sector carnage spoils another day
gained after Deutsche Bank upgraded shares to"buy" from"hold." The bank's analysts said Disney succeeded in launching its streaming service and is on its way to becoming a global leader in the lucrative sector.
close to record highs after cutting the price of its original exercise bike and introducing two new products. The stock is up more than 200% year-to-date on surging demand for home exercise hardware. Investors also mulled new threats to the fragile US-China trade relationship. President Donald Trump said Monday he plans to end the country's reliance on China and its factories. Trump also threatened to punish companies that create jobs outside the US and prevent companies operating in China from winning government contracts. "Investors are no longer pricing calm trade waters leading up to the election as Trump is not easing up the hard rhetoric even as stock market selloff continues," Edward Moya, senior market analyst at OANDA, said in a note.
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