First up, the scoreboard:
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STOCKS SLIDE LOWER: Here's what you need to know
US stocks declined as losses in tech and industrial shares dragged major indexes lower.
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- Dow:
- S&P 500:
- Nasdaq:
- US 10-year yield:
- WTI crude oil:
1. Walmart is making a mockery of the retail apocalypse — and traders are betting it'll keep soaring. They're paying the lowest premium in two years to hedge against a decline in the stock, which surged after the company raised full-year guidance.
2. Goldman Sachs says Tesla's new big rig won't solve its Model 3 problems. Analyst David Tamberrino acknowledges that the company's semi truck will provide a short-term boost, but that the Model 3 production bottleneck will keep weighing on the stock.
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