Among the sector activity stories for Thursday, Oct. 1, from AP Financial News: ATLANTA (AP) ¿ Airline shares fell as oil prices ticked higher and the broader stock market was hammered. SAN FRANCISCO (AP) ¿ Shares of Leap Wireless International Inc. and MetroPCS Communications Inc. fell after a JPMorgan analyst downgraded both companies to "Neutral," saying rising competition in the prepaid wireless market presents a challenge for them. NEW YORK (AP) ¿ Shares of homebuilders slid as the broader market fell and a Fox-Pitt analyst predicted disappointing fourth-quarter sales for the sector. CHICAGO (AP) ¿ Shares of the nation's largest department store retailers sagged in trading after the government and a private group released disappointing manufacturing and jobs reports.
More from Investing
White House Claims Trump Regretted Not Raising China Tariffs Higher
A White House spokeswoman reportedly said over the weekend that the president wished he had hiked tariffs on China higher, days after threatening to up the tax by 5% on $550 billion in imports.
Jim Cramer: A Cold War With China Is Worth Avoiding
I wish I could say buy this dip. But the dip is one that's not necessarily going to have an ending today.