The markets started the week lower as the Turkish financial crisis that started last week spilled over into this week. The Dow 30 was lower by 125 thanks partially to JP Morgan (JPM ) and Goldman Sachs (GS ) which have exposure to the crisis. The S&P 500 sold off 11, and the Nasdaq 100 closed lower on the day by 19.
Energy was a weak point in the market thanks to the continued weakness in the price of Oil. Though oil did recover from it's low of the day, it still is trading at lows. Materials were also lower on the day as Mosaic (MOS ) saw more selling pressure carry over from Friday.
Papa Johns (PZZA ) was back in the news as the company announced they would offer financial help to franchise holders due to the controversies over the last year. They announced they would reduce royalty payments, prices on food and other costs.
Blue Apron (APRN ) shares were lower on the day as it's closest competitor, HelloFresh announced that it would not hit the break even mark until "sometime in 2019." Previously the company said it would break even in the fourth quarter but now says it wants to support growth investments to propel the company.
Harley Davidson (HOG ) shares were lower by 4.5% today as the company continues to feel the wrath of President Trump. The stock sold off as Trump tweeted that many Harley owners would boycott the company if they do move their manufacturing overseas. The company didn't respond to the latest tweet.
