Closing Bell: Viacom's 'Ben-Hur' Flops; U.S. Stocks Mixed on Fed Uncertainty
Wall Street will get more clues as to the Federal Reserve's rate-hike plans at the end of the week, but uncertainty over what they might be led to jittery trading on Monday. Crude was also a drag, snapping a seven-session winning streak. Garmin (GRMN) - Get Report fell after analysts at Raymond James reduced their rating to hold, arguing the stock's gains had run their course this year. The firm also said competition from Apple (AAPL) - Get Report and Fitbit (FIT) - Get Report could also affect performance. Viacom (VIAB) - Get Report was sharply lower after Paramount Pictures' blockbuster Ben-Hur had a dismal first weekend at the box office. The remake came in fifth at the domestic box office, falling well behind Suicide Squad in its third week as the top film. Goldman Sachs made a valuation call on Urban Outfitters (URBN) - Get Report , cutting it to NEUTRAL from BUY. Its price target was also reduced by $2 to $33 a share. TheStreet's Keris Lahiff has details from Wall Street.









