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Closing Bell: L Brands Slumps on Weak 2017 Guidance; Dow at Fresh Records

Wall Street was pulled in two directions with a bounce in crude prices boosting the Dow Jones Industrial Average and a selloff in Tesla dragging on the Nasdaq.

Wall Street was pulled in two directions with a bounce in crude prices boosting the Dow Jones Industrial Average and a selloff in Tesla (TSLA) - Get Tesla Inc Report dragging on the Nasdaq. The Dow has now closed at records for ten straight sessions in a row. Chinese social media stocks Weibo (WB) - Get Weibo Corp Sponsored ADR Class A Report and its shareholder Sina (SINA) - Get SINA Corp. Report also weighed on the Nasdaq following their quarterly reports. Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report , which also has a stake in Weibo, moved lower in sympathy. L Brands (LB) - Get L Brands, Inc. (LB) Report slumped after issuing weak guidance for fiscal 2017. The parent company of Victoria's Secret also said it expects same-store sales in February to decline in the mid-to-high teens. Kohl's (KSS) - Get Kohl's Corporation (KSS) Report exceeded quarterly estimates and met full-year profit expectations. Kohl's said it saw declines in brick-and-mortar traffic over the holiday season, though online demand countered some of that drag.

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