Markets were sharply lower today as tensions between the U.S. and North Korea seem to be lingering on investors minds. The Dow 30 sold off 202, the S&P 500 lost 35, and the Nasdaq 100 sold off the most, losing 135, or 2.13%. In addition to monitoring global events and earnings, tomorrow traders will also have CPI numbers to digest as well.
Blue Apron (APRN ) shares tumbled 17.63% today, hitting new lows after the company announced out mixed results in its first earnings report as a public company. Despite reporting a spike in revenue from a year ago, it showed a loss that was much larger than the street expected. The media and analysts were all over the report and continue to report the stocks weakness almost daily. The recent IPO has only traded lower since going public at $10 a share. Initial investors in the company now show losses of almost 50% in less than two months.
Tesla (TSLA ) was back in the headlines again today, but this time it was because of its long haul, electric semi truck. The company said it will soon be testing the truck which should be able to "drive itself and move in groups that follow a lead truck." Financial media reported that Tesla is already in talks with the California and Nevada DMV's about regulations and licensing. Shares were lower on the day by 2.31% as the Nasdaq 100 saw heavy selling overall.
Canada Goose (GOOS ) saw a wild day of trade as the company announced earnings that showed a loss that was smaller than what Wall Street had predicted. Revenue was a bright spot as it came in above analysts' estimates. The reports showed that sales being higher by almost 80% from a year ago were the main reason. Shares of the upscale, outerwear company are higher by just 1% since their IPO.