Midday Report: Disney Weighs on Dow; North Korea Tensions Pull Markets Lower
Wall Street pulled lower mid-week on worries over rising tensions between the U.S. and North Korea. Disney shares also took a large chunk of the Dow following its earnings report. Priceline Group Inc. (PCLN) was one of the worst performers on the S&P 500 after issuing a disappointing outlook for its current quarter. However, the travel-booking site did manage to beat second-quarter estimates. Mylan (MYL) - Get Report was also lower after a disappointing earnings report and gloomy outlook. A weaker full year is tied to the drugmaker's decision to push all major U.S. launches into 2018 guidance numbers. Crude oil prices were in flux even after a far sharper decline in domestic inventories over the past week. U.S. stockpiles fell by 6.5 million barrels in the past week, more than double an estimates drop.
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