Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average finished moderately higher Monday amid concerns about rising oil prices, trade negotiations and global growth worries, particularly in the eurozone.
- Netflix (NFLX - Get Report) shares fell after the online streaming and production company lost its place as overall winner in this year's Emmy Awards. Netflix is Real Money's Stock of the Day.
Wall Street OverviewStocks finished mixed Monday, shedding earlier gains, as investors confronted concerns about lagging global growth, rising oil prices and the status of trade negotiations between the U.S. and China.
The Dow Jones Industrial Average finished up 15 points, or 0.06%, to 26,949, the S&P 500 slipped 0.01% and the Nasdaq fell 0.06%.
Overstock.com (OSTK - Get Report) shares tumbled 25.3% to $11.19 after the online retailer revised its guidance lower. The company also named interim CEO Jonathan Johnson as its permanent chief, about four weeks after former CEO Patrick Byrne stepped down.In energy news, the Pentagon is reportedly set to deploy U.S. troops into the Gulf region in order to protect Saudi Arabia following last week's attack on two Saudi oil facilities. U.S. officials have linked the attacks to Iran.
Saudi Aramco, meanwhile, is in emergency talks with contractors as it attempts a quick recovery from the attacks, The Wall Street Journal reported, and as it looks to stay on track with its forthcoming blockbuster initial public offering.