Closing Bell: BlackRock Disappoints; U.S. Stocks Barely Changed After Jittery Session
Stocks went nowhere to begin the week, trading close to flat before ending narrowly mixed. Losses on the Dow Jones Industrial Average and S&P 500 dragged the indexes from records set last week. The Dow had ended Friday with its third day of records. IBM (IBM) - Get Report was under pressure after Barclays reiterated an underweight rating ahead of the tech company's earnings later in the week. Barclays also cut its price target, calling the stock's valuation stretched. Greenbrier Companies (GBX) - Get Report moved higher after Stifel analysts upgraded their rating to BUY from HOLD. The firm said conditions in North America were beginning to improve and that the railroad company has performed well in a difficult environment. BlackRock (BLK) - Get Report declined after falling short of profit and sales estimates over its recent quarter. Assets under management increased 16% over its second quarter compared to the same period a year earlier.
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