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Stock Market Roundup Jan. 23: Stocks Down on Trump Uncertainty

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U.S. stocks are down on Monday, as investors are looking for more details on President Donald Trump's policies. Sector-wise, energy was down, at one point, 1.17%, industrials down 0.87%, and financials down 0.52%. Real estate was one of the few bright spots, up 0.71%.

Earnings season is in full swing, with McDonald's MCD and oilfield services major Haliburton HAL reporting today before the bell. This week is a big week for tech earnings, with almost all of the largest tech corporations reporting in the next few days. Check out the latest episode of the Zacks Friday Finish Line podcast for an in-depth Tech Earnings Preview .

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: Angang Steel ANGGY

Growth: Spartan Motors SPAR

Momentum: Teck Resources TECK

VGM: MiX Telematics MIXT

Income: MIXT

Major Indexes

DOW: 19,801.70 / -25.55 / -0.13%

S&P 500: 2,265.34 / -5.99 / -0.26%

NASDAQ: 5,552.94 / -2.39 / -0.04

Top Headlines

Here's Why Qualcomm (QCOM) is Tumbling Today

Monday saw shares of chipmaker Qualcomm QCOM tumble 14% in morning trading after it was hit by multiple downgrades. The company is still reeling from last week's $1 billion lawsuit filed against it by Apple AAPL , just days after the U.S. government accused Qualcomm of utilizing anticompetitive tactics to monopolize semiconductors in the mobile phone industry.

Sprint to Purchase 33% Stake in Jay Z's Tidal

Wireless carrier Sprint S announced it will be purchasing a 33% stake in the streaming service Tidal, owned by hip-hop mogul Jay Z. While Sprint did not say when the acquisition would be finalized, the new deal is part of a partnership between both companies where Sprint companies will receive exclusive Tidal content. Sprint has about 45 million retail customers.

McDonald's CEO Bullish Despite All-Day Breakfast Slump

Fast food chain McDonald's released its fourth quarter fiscal 2016 financial results on Monday before the bell, beating expectations on both the top and bottom lines. However, same-store sales declined considerably in comparison to the year-ago period, suggesting the popularity of its All-Day breakfast menu may be waning.

Stocks that Aren't in the News…Yet

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QUALCOMM Incorporated (QCOM): Free Stock Analysis Report

Sprint Corporation (S): Free Stock Analysis Report

Spartan Motors, Inc. (SPAR): Free Stock Analysis Report

Apple Inc. (AAPL): Free Stock Analysis Report

Halliburton Company (HAL): Free Stock Analysis Report

McDonald's Corporation (MCD): Free Stock Analysis Report

Angang Steel Co. (ANGGY): Free Stock Analysis Report

MiX Telematics Limited (MIXT): Free Stock Analysis Report

Teck Resources Ltd (TECK): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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