Stocks stayed mostly mixed for the day today as most major sectors failed to get anything going. The Dow 30 was down 33 (-0.19%), the S&P 500 gained 1 (0.08%), and the Nasdaq 100 fared the best, up 14 (0.30%).
Recent IPO Lending Club (LC ) suffered a catastrophic 34.93% decline today as the company's CEO Renaud Laplanche has stepped down. This comes after an internal review found that he had violated its business practices. Laplanche will be replaced by Lending Club president Scott Sanborn. Shares closed the day at all time lows.
Tyson Foods (TSN ) -broke out to new highs today gaining 1.47% as the company raised its profit forecast for the year and reported better-than-expected earnings. Tyson also reported better than expected revenue in the second quarter. According to the company, its results were boosted by an increase in consumer spending and low prices for animal feed.
Southwest Airlines (LUV ) supported the airline sector today as it popped 1.13% on news that the airline flew 10.4 billion revenue passenger miles last month. This represents an increase of 4.7% from one year ago. Southwest also recorded a record load factor for the month of April at 83.4%.
Lastly, Walt Disney (DIS ) reported that "Captain America: Civil War" ranked number 1 in the box office this weekend, raking in $181.8 million in North American ticket sales. It was the fifth-best domestic weekend opening of all time. Shares started strong but finished flat today (-0.19%) as investors positioned for the quarterly earnings results after the bell on May 10.
