2 Surprising Movers in the Stock Market Today
Trading on Wall Street got off to a quiet start on Wednesday, with investors generally taking a pause after extremely high volatility levels over the past several weeks. Most major market indexes eased lower, giving back small portions of their recent gains.
However, even with earnings season winding down, a few noteworthy companies delivered some surprises to their shareholders. The news from Advance Auto Parts (NYSE: AAP) wasn't good, with weak results for the third quarter and an earnings guidance cut for the full year. When it came to eye-care specialist Alcon (NYSE: ALC), however, shareholders generally liked what they saw. Read on to learn more about what both companies had to say on Wednesday.
Shares of Advance Auto Parts were down by 15% early Wednesday. Investors reacted negatively to the auto parts retailer's latest financial report, which showed unexpected weakness and suggested a tougher road ahead for the company.
Source Fool.com
