Facebook suffers the worst market cap decline in history with Amazon up next on earnings. Plus – Amazon, Starbucks, Intel, Chipotle, Oh my! The earnings will be coming fast and furious. And, is Spotify sweet music for investors’ ears? Why it could be the play in streaming. Plus, why pro sports are getting into the eSports game. We have one of the top Fifa players in the video gaming world. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.
Winners and losers
Stocks in the red include Ford as it missed on earnings, cut its outlook, and said restructuring costs could hit $11 billion, TAL Education as short-seller Muddy Waters said the Chinese tutoring company was misleading investors, and alleged profits were fraudulent, and McDonalds – shares dropping despite an earnings beat as fast food chain reported same store sales growth that missed the mark.
Stocks in the green include Supervalu as United Natural Foods will buy the grocer for $1.26 billion, AMD as the chipmaker beat on both the top and bottom lines, noting that it saw a rising demand in its PC business, and Qualcomm – shares jumping as chipmaker beat on earnings, but also walked away from its $43 billion NXP merger. Qualcomm will now use that cash to fund a $30 billion stock buyback plan.