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Barchart

Rich Asplund

Stocks Pressured by Negative Corporate News

United States Citigroup US Federal Reserve ECB International Paper Micron Technology Suzano Visa

The S&P 500 Index ($SPX) (SPY) today is down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.05%.

Stock indexes today are mixed. Negative corporate news is weighing on the broader market with Micron Technology down more than -5% to lead chip stocks lower after Citigroup expressed disappointment with the company’s guidance. Also, Walgreens Boots Alliance is down more than -24% after reporting weaker-than-expected Q3 adjusted EPS and cutting its full-year adjusted EPS forecast. In addition, International Paper is down more than -8% after Suzano terminated its pursuit of the company.

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