BKNG - Hot Stocks: Travel decline; CHGG plunges; ROK hits low; WDC activist investor; VAL sets high

An uncertain session ended with modest gains on Tuesday, as investors prepared for a high-profile Federal Reserve announcement the following day. The S&P 500 gained about 0.5% on the day. While the broader market edged higher, travel stocks suffered a setback. A cautious outlook from Hilton (HLT) contributed to declines in stocks like Expedia (EXPE), Booking Holdings (BKNG) and Marriott International (MAR). Looking at individual stocks, Chegg (NYSE:CHGG) cratered in the wake of its quarterly report, losing almost a third of its value on worries that inflation will provide yet another headwind for the edtech company.  Meanwhile, Rockwell Automation (ROK) slipped to a 52-week low following a disappointing quarterly update. On the other side of the ledger, Western Digital (WDC) climbed on news that an activist investor has taken an interest in the company. At the same time, earnings news sent Valaris (VAL) to a fresh 52-week high. Sector In

For further details see:

Hot Stocks: Travel decline; CHGG plunges; ROK hits low; WDC activist investor; VAL sets high