Stocks hovering at record highs as Apple drops for a 2nd day. Catch The Final Round at 3:55 p.m. with Jen Rogers, Yahoo Finance Editor-in-Chief Andy Serwer and Mark Yusko of Morgan Creek Capital.
Winners and losers
Stocks in the red today include Western Digital as Toshiba and Bain Capital begin a deal to sell Toshiba’s memory unit, a business Wester Digital was bidding on, Mallinckrodt as Mizuho downgraded it to ‘neutral’ claiming the drugmaker was under threat from competition and other factors, and Equifax – shares tumbling again as the credit agency taking more heat for its bungled response to a massive hack, now with over 36 senators calling for an investigation.
Stocks in the green today include Centene as the insurer struck a deal to buy Fidelis Care, thus expanding Centene’s coverage in New York State, Finish Line as Susquehanna upgraded shares to ‘positive’ citing merger possibilities, and Nordstrom – shares jumping on reports the Nordstrom family is near a deal to take the retailer private with PE firm Leonard Green.
Trex CEO on recovery efforts
Shares of Trex Company — the largest manufacturer of wood-alternative decking in the world — hit another 52-week high today. Joining us with more on what’s driving the company’s growth is Trex CEO Jim Cline