U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies.
Today’s topics include trouble in Turkey, Tesla, and the early release of Starbucks’s pumpkin latte being. Catch The Final Round at 3:55 ET p.m. with Yahoo Finance’s Jen Rogers, Andy Serwer, and Jared Blikre. Also joining the show today, Tasha Keeney of ARK Invest.
Winners and Losers
Stocks in the red include News Corp, with shares dropping the most in five years after the company said it will invest more in its Australian cable network; Dropbox, as for the most recent quarter, the personal cloud company posted 27% revenue growth year to year, but investors are on edge by the departure of CEO Dennis Woodside; and Intel, as Goldman Sachs lowers the rating on the computer chip manufacturer from sell to neutral citing repeated delays in moving to the next generation chip process technology.
Stocks in the green include Stitch Fix, as SunTrust rated the personal styling company’s stock as a “buy” in new coverage. They called Stitch Fix a disruptor that is in position to gain more attention from investors; Overstock.com, with shares soaring on news that Hong Kong private-equity firm GSR capital is buying shares in the online retailer, as well as investing in its blockchain subsidiary tZero; and Planet Fitness as it reported its third straight quarter of accelerating earnings growth.