Closing Bell: Airlines Floored on Immigration Ban; BlackRock Ups GoPro Stake - TheStreet

Closing Bell: Airlines Floored on Immigration Ban; BlackRock Ups GoPro Stake

Stocks suffered their worst losses of the year as chaos surrounding President Donald Trump's immigration ban kept investors playing defense.
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Stocks suffered their worst losses of the year as chaos surrounding President Donald Trump's immigration ban kept investors playing defense.

Defensive stocks in the telecom, utilities and consumer staples sectors were among those with the smallest losses. Airlines and other travel stocks moved lower on the immigration ban. Among them, JetBlue (JBLU) - Get Report , Southwest (LUV) - Get Report , American Airlines (AAL) - Get Report , Delta Air Lines (DAL) - Get Report and Spirit Airlines (SAVE) - Get Report each logged daily losses.

GoPro (GPRO) - Get Report rose after BlackRock upped its stake in the company. The firm now holds 6%, or roughly 6.2 million shares, in the action camera marker. That stake is one million shares more than its previous holding.

Tempur Sealy (TPX) - Get Report plummeted after terminating its contracts with Mattress Firm. Tempur said the two companies had been unable to agree on a number of changes to existing agreements.