Today was a rather slow day in the markets as investors looked to stay clear of the pending news. This weekend the focus will be on France and their election's so the US markets were in "risk off" mode. Investors chose to hedge, exit and place small bets on the election which caused the markets to trade in a choppy, small range. The Dow 30 lost 27, the S&P 500 lost 6 and the Nasdaq 100 was lower by 6.
Next week will be full of market moving news so get your rest this weekend. The week will start off with the results of the French election which have been predicted to move our markets sharply. In addition to that we have earnings season which will offer the results of big names like Apple (AAPL ), Amazon (AMZN ), and many more. If that wasn't enough then we also found out today that President Trump will release his "massive" tax reform package by Wednesday as well.
Today the markets didn't offer much in the way of stocks that moved sharply. There were a few names that were earnings related such as Mattel (MAT ) which lost 13.57% on the day after investors bailed out. The company continues to struggle to stay relevant in an age where kids play with digital toys. Rockwell Collins (COL ) saw a nice 5.13% gain on the day following their earnings announcement. The real activity started right from the open when it broke above the $100 mark for the first time ever. This sent the bulls charging into the name all day long.
Lastly Under Armour (UA ) moved lower by 3.18% today as investors are being cautious with their positions prior to earnings. This earnings announcement will be one of the more important ones for the apparel retailer. If they disappoint many traders will believe that to be the final nail in the coffin for the company. Shares are lower by 30% this year and over 60% since this time last year.