Stocks trading in range here following the big Trump-Kim summit. Plus a ruling on AT&Ts merger with Time Warner. We’ll discuss what the decision could mean for a rocky media landscape. And, Tesla shares are jumping as the Elon Musk has to make a painful decision. Plus a look ahead to everything you need to know about tomorrow, which will be a huge day for the Fed. Catch The Final Round at 3:55 ET p.m. with Myles Udland and columnist Rick Newman.
Winners and losers
Stocks in the red include Hawaiian Airlines as shares of its parent company dip due to the volcanic eruption that has dented bookings and revenue in the second quarter; Idera Pharma shares down as its Phase 2 clinical trial on adult patients with rare inflammatory disease failed; and LendingTree, with shares of the online lender dropping as an SEC filing showed its CEO sold nearly 15,000 shares.
Stocks in the green include Twitter as JPMorgan raised the price of the stock from $50 from $39, citing improved conversations with advertisers; RH as the upscale furniture chain reported adjusted quarterly profit of $1.33 per share, beating the consensus estimate of $1.02 a share; and Tesla, after analysts at Keybanc raised Model 3 delivery estimates to 30,000 in the second quarter and nearly 120,000 for the full year. Separately, the company revealed it would cut 9% of jobs across the company, claiming cuts were “difficult but necessary.”