The markets sold off again today as traders adjusted portfolio's in light of global tensions between the U.S. and North Korea. The Dow 30 was lower by 38, the S&P 500 sold off 1, and the Nasdaq 100 lost 18. Going forward it seems that investors will have to keep an eye on the rhetoric between the two countries, along with remaining earnings, and unemployment claims due out tomorrow.
Shares of Hertz (NYSE: HTZ) were higher by 23.07% today despite the mixed earnings announcement.The rental car company announced earnings which showed losses that were more than expected. While revenue came in at expectations it seemed that investors chose to focus on comments made by the company that said it "made significant progress in its turnaround plan." Though the stock was considerably higher on the day it is still lower on the year by almost 20%.
Mylan (NYSE: MYL) started the day considerably lower by after a waterfall drop over the last few days, the bulls decided it was time to enter. The decline came as the pharmaceutical company announced that it would be cutting its outlook for the year since earnings and revenue missed analysts' estimates. Shares have been lower in recent weeks, breaking to new lows.
Priceline (NASDAQ: PCLN) shares fell 6.94% today, erasing almost a month of gains. The online travel company announced that they beat on both earnings and revenue last quarter, but the problem seemed to be bookings which came in under analysts' expectations. Priceline also announced weaker guidance going forward, saying it will "focus on its most important market, China." Shares are still higher on the year by over 25%.