Stocks (^DJI, ^GSPC, ^IXIC) are moving higher as the Dow closes in on a big milestone. Plus, we’ll have Apple earnings after the bell. We’ve got everything you need to know. And Under Armour is getting mauled—Will a ‘pivot’ get it back on track? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and writer Dan Roberts.
Winners and losers
Stocks in the red today include GM as July auto sales fell 15% compared to last year; Pandora as the streaming music site cut its full-year forecast; and Snap, with shares of the Snapchat parent dropping as it will not be eligible for inclusion in the S&P 500 following a new rule change that bars companies with multiple share classes. The new rule does not affect existing S&P 500 members.
Stocks getting a boost today include Lumber Liquidators as comp sales and gross margin both topped estimates for the hardwood flooring company; Spirit Airlines as JPMorgan upgraded the airline to overweight with a $56 price target; and Ferrari, with shares racing higher on a Bloomberg report the sportscar maker is considering a four-seat ‘utility vehicle’ as part of an effort to double earnings by 2022.
Under Armour shares tanking
Under Armour hit not just another 52-week low today, but an all-time record low. The once high-flying shares plunged on earnings and restructuring news. Dan Roberts is here with more.