Stocks Mixed in Attempt to Hold Record Levels While Hasbro Sinks

It's a mixed day of trading with the Dow and S&P 500 on track to close at records with just small gains. The Nasdaq looks likely to miss out.

Author:: Keris Alison Lahiff
Publish date:: Oct 23, 2017 11:56 AM EDT

Stocks struggled to hold above record levels following a winning streak that propelled the Dow Jones Industrial Average and S&P 500 to all-time highs last week. Any gains for the three major indexes would mark all-time closing highs.

Hasbro Inc. (HAS) - Get Report was the biggest loser on the S&P 500 after issuing weaker guidance than anticipated. The third-largest toymaker in the world anticipates fourth-quarter sales growth no higher than 7%, below consensus of 11%.

Hasbro weighed on competitor Mattel Inc. (MAT) - Get Report . The Barbie parent was on track to end with its worst daily performance in just over a month ahead of its earnings after the bell Thursday.

Netflix Inc. (NFLX) - Get Report will offer $1.6 billion in a debt offering to finance content production and acquisition. The streaming service has invested heavily in original content in recent years to better compete with a rising number of video-on-demand platforms.

Watch More with TheStreet: