Wall Street rebounding as an unlikely sector boosts stocks. Plus, Cisco earnings out any minute now, we’ll have them for you. And, another tech heavyweight takes a swipe at Facebook. Is regulation all but certain? Plus, Office Depot’s CEO is here to talk small e-commerce and consolidation. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red include 3M as the conglomerate was downgraded by Jefferies to Hold, citing rising interest rates and recession fears; Party City, after announcing that one of its biggest shareholders intends to sell 12 million shares; and FireEye, with shares of it and other cybersecurity names dropping as the White House officially eliminates the cyber security coordinator role, a move that has mystified some in the industry.
Stocks in the green include Churchill Downs as the racetrack and gaming firm struck a deal with Golden Nugget Atlantic City to enter sports betting markets in New Jersey; Ulta Beauty as Oppenheimer upgraded the cosmetics retailer to Outperform, noting the potential for improvement in comp-store sales; Teva Pharmaceuticals, with shares rising as Warren Buffett’s Berkshire Hathaway doubled its position in the pharmaceutical company to 40 million shares.