Opening lower after mixed US data
The US stocks are opening lower but not as bad as the implied declines shortly after the US data today.
The implied Dow was down over -300 points at one point after the data, but is down only -73 points now.
In the broader indices:
- The S&P is down -10.00 points or -0.37%
- The Nasdaq is down -22 points or -0.29%
Things were a lot worse, but the major indices remain in the red.
A look at some of the overachievers in early trading:
- chipotle, up 12.5%. A management shakeup at the top has the stock moving higher
- Netflix, +1.84%
- AliBaba, +1.53%
- Facebook +1.4%
- J.P. Morgan +0.6%
Some early underachievers:
- Under Armour, -3.95%. Giving back gains from yesterday
- Office Depot, -2.1%
- PepsiCo, -1.49%
- McDonald's, -1.3%
- Twitter -0.93%
- Home Depot, -0.73%
- Microsoft, -0.70%
- Intel, -0.54%
- Micron, -0.77%
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