U.S. stocks rose to all-time highs on Wednesday with the Dow, the Nasdaq and the S&P 500 all setting intraday records.
But Harley-Davidson Inc. (HOG) shares tumbled on Wednesday after research firm Longbow downgraded the stock to Underperform from Neutral, citing an ongoing pattern of weak U.S. sales. Longbow analyst David MacGregor's channel checks revealed that U.S. retail sales are trending down 5% to 7% with U.S. shipments expected to be down by "at least 20%."
Shares of Dominion Energy Inc. (D) fell after announcing that it would buy Scana Corp. (SCG) in an all-stock deal valued at about $7.9 billion. Scana stock soared by more than 20%. The deal is expected to close this year.
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