Stock Market News: Beyond Meat Loses in Canada; New Life for Victoria's Secret?
Wednesday has been a choppy day on Wall Street, as major market benchmarks initially moved significantly higher but saw those gains diminish as the session went on.
News from China on the coronavirus outbreak remains unclear, and U.S. market participants are also looking for the latest signs from the Federal Reserve about whether central bank monetary policy will support further economic growth and be able to fight back against any downward pressure from global health issues. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 104 points to 28,827. The S&P 500 (SNPINDEX: ^GSPC) had risen 5 points to 3,281, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 10 points to 9,280.
Among much-followed companies, Beyond Meat (NASDAQ: BYND) got some mixed news, but investors didn't have a huge reaction to the latest on the meat-substitute specialist's partnerships. Meanwhile, L Brands (NYSE: LB) soared on speculation that the company might move forward with plans to work on rehabilitating the Victoria's Secret brand in a way that could benefit shareholders.
Source Fool.com
