The markets remained on edge again today as investors respond to rising, global tensions. The Dow 30 was lower by 6 though it did close well off its lows. The S&P 500 lost 3, and the Nasdaq 100 showed a closing loss of 14. The move off the lows of the day came when Trump gave a comment about renewed efforts to revamp Dodd-Frank. Tomorrow traders will be eyeing the crude oil inventory report due out in the morning.
United Continental (NYSE: UAL) stock took a hit today after the now world wide media attention of video that showed a man being forcibly removed from an overbooked United flight. Surprisingly the CEO of United airlines defended the action in a now public memo to employees. Munoz said the man who was dragged from the plane by airport security, was "belligerent and disruptive," leaving United employees "no choice but to call law enforcement." Investors took no chances and chose to close out positions causing a selloff on the day. As of today it looked like investors shifted their investments to American Airlines (NYSE: AAL) which enjoyed a strong day.
Disney (NYSE: DIS) enjoyed yet another day of gains as Goldman Sachs announced it would reiterate its buy rating on the stock. The firm says "Beauty and the Beast" and a promising fiscal 2018 movie slate should drive record studio profits over the next two years. Disney has been straight up all year adding over 8% to last years rally.
RetailMeNot (NASDAQ: SALE) blasted off today as news came out Monday after the close that the online coupon site is being "bought by a subsidiary of Ronald Perelman's MacAndrews & Forbes for $11.60 a share in cash." That represents a 50% premium to where the online retailer has been trading all month.