Relief rally—big time. Stocks soar as trade-war talk eases, for the moment. Plus, Facebook is under the gun as the FTC goes on the hunt. We’ll explain why regulations are coming. And, Spotify’s IPO is almost here, and the company is expecting a big 2018. We have the latest. Plus, a look ahead to everything you need to know for tomorrow, today. Catch The Final Round at 3:55 ET p.m. with Myles Udland and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red today include Abbvie as the drugmaker posted disappointing trial data for its small-cell lung cancer treatment; New Age Beverages as the ‘Coco Libre’ coconut water maker filed a secondary offering of $20 million worth of shares; and GE, on a big up day GE a notable downer, following a Sunday Journal report highlighting risks at GE Capital, and separately a Neuberger Berman note claiming GE Capital could have “zero value.”
Stocks in the green include Finish Line as the athletic retailer agreed to be bought by Britain’s JD Sports Fashion for $558 million; Lowe’s as its chairman & CEO Robert Niblock says he will retire after a 25-year stint at the company; and USG Corp, with shares climbing as Berkshire Hathaway revealed that it proposed selling its stake in the building materials company to Germany’s Knauf group, for $42 a share.