Equifax Tackles Another Breach and Wall Street Retreats From Records
Stocks retreated from records as declines in trading revenue pressured the big banks and a selloff in crude hurt the energy sector. All three major indexes moved lower after hitting all-time highs a day earlier.
Equifax Inc. (EFX) - Get Report fell after the credit-reporting agency said it was investigating another possible data breach. Last month, the company disclosed that a massive hack had compromised the confidential data of more than 145 million people.
Juniper Networks Inc. (JNPR) - Get Report declined after warning of lower profit and sales for its third quarter on a disappointing performance in its cloud vertical. The company will report in just under two weeks.
Health insurers were mixed after President Trump signed a new executive order to undermine Obamacare. The order lets businesses band together to purchase plans across state lines that do not need to adhere to ACA rules.
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