SAM - Big Drops in These 2 Stocks Could Spell Trouble for Investors
After a down day on Wednesday, investors seemed ready to watch the stock market extend those losses on Thursday morning. Conflicting guidance from the Federal Reserve has some market participants confused, and various readings on the economy and the health of corporate America are also far from clear. As of 7 a.m. EDT, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 95 points to 34,917. S&P 500 (SNPINDEX: ^GSPC) futures fell 12 points to 4,500, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures dropped 32 points to 15,588.
Contributing to the negative sentiment were sizable drops in two stocks. Boston Beer (NYSE: SAM) continued to deal with bad news that will hurt its earnings in the future, while GameStop (NYSE: GME) wasn't able to give shareholders the positive progress report they needed. Below, we'll look more closely at what moved both stocks.
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Big Drops in These 2 Stocks Could Spell Trouble for Investors