Stocks slump to end the week as Apple weighs, and Trump takes on OPEC. Plus, Netflix earnings a precursor for big tech next week? We have your preview. And Tesla’s big move to amp up Model 3 production hits another snag. Is it too much, too soon for Elon and co.? And finally – Springsteen fans rejoice – a big piece of Boss paraphernalia hits the auction block. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, Yahoo Finance Editor-in-Chief Andy Serwer, and Cathie Wood of ARK Invest.
Stocks in the red include Stanley Black & Decker after reporting a 57% drop in first quarter net income, and it lowered its full-year EPS outlook Mattel as the toymaker’s CEO departs to run Ancestry.com, and Skechers – shares tumble despite beating on both earnings and sales, the shoe retailer’s current quarter guidance disappointed investors.
Winners and losers
Stocks in the green include General Electric as the troubled conglomerate beat on earnings and reaffirmed guidance as it got a boost from its aviation, health care and transportation unit, Pinnacle Foods shares getting a boost here as activist fund Jana Partners jumped in with a 9.5% stake, and Honeywell – shares climb as the GE rival reports a profit beat and lifted its full-year earnings forecast for the second time this year, citing higher sales in its aerospace business.