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Extra of the Similar. Last week ended with two days of losses, and people losses have prolonged into this week, because the
Dow Jones Industrial Average
drops 153 factors, or 0.7%. That the
is up 0.5%, solely confirms what we already knew—shopping for huge tech shares like
(FB) never really goes out of style. The
is off 0.2%.
We wish to suppose to think about this as digestion. The inventory market had a big drop, after which it had an enormous achieve. And now it wants time to determine what simply occurred. So I wouldn’t make an excessive amount of of the latest losses—even when China is out of the blue again within the headlines.
(TOL) has gained 2% to $24.33 after getting raised to In-line from Underperform at Evercore.
(HFC) has gained 3.1% to $31.27,
(PSX) has jumped 6.5% to $70.64, and
(VLO) has bounced 3.9% to $61.05 after getting upgraded to Purchase from Impartial at Mizuho.
(TEX) has fallen 2.6% to $13.37 after getting reduce to Promote from Maintain at CFRA.
(WEN) has dropped 3% to $18.89 after getting reduce to Impartial from Purchase at Northcoast.
Write to Ben Levisohn at Ben.Levisohn@barrons.com
— to www.barrons.com