Lumber Liquidators Plummets on Sales Drop; Stocks Push Higher

Lumber Liquidators (LL) plummeted Wednesday after reporting a 10% decline in comparable-store sales in the second quarter. The company has suffered since investigations into the safety of its products earlier this year. Stocks moved confidently higher after a three-day losing streak. The Dow climbed, though no thanks to Disney (DIS) shares which tumbled following disappointing earnings. Priceline (PCLN) shares moved higher after the online travel agency soared past quarterly estimates, driven by growth in hotel and car bookings. Its topline fell short of estimates, however, as a strong dollar took a bite out of sales. The services sector in the U.S. grew at a faster-than-expected pace in June. The ISM non-manufacturing index rose to a reading of just 60.3, exceeding estimates of 56.2.