Stocks getting a boost here as Alphabet powers higher. Plus, the White House is now prepping aid for farmers hurt by … Trump’s tariffs. Confused? Why GOP senators aren’t happy either. And, AT&T earnings are on the way. Plus, Ivanka’s namesake fashion label has been shuttered. We have the fallout, and what it means for brand Trump. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and writer Dan Roberts.
Winners and losers
Stocks in the green include Harley-Davidson, which beat on earnings for Q2, and that was enough even with worldwide sales slipping more than 3.5% and lowered guidance amid trade concerns; Biogen, as the biotech giant reported an increase in earnings, and sales were up by 9% thanks to strong demand for Spinraza, one of the world’s most expensive drugs; and Eli Lilly as the pharmaceutical company reported larger-than-expected profit and revenue beats and upbeat guidance for 2018.
Stocks in the red include Quest Diagnostics as the medical lab operator reported inline earnings and revenue that came up short; Under Armour, as Susquehanna cuts it to Sell, citing “excess carry-over inventory, poor product distribution decisions and brand image degradation;” and Snap, with shares slumping as it announces the head of its Snap spectacles division is leaving the company.