Stock Market News: The Trade Desk, Foot Locker Among Only Winners in Another Rout
Wall Street got off to another rough start on Friday morning as coronavirus fears once again took center stage. Investors seem paralyzed by the implications of the Covid-19 outbreak for the global economy, and with little clarity on the potential impacts, markets have continued to respond negatively. As of 11:00 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 799 points to 24,967. The S&P 500 (SNPINDEX: ^GSPC) had fallen 83 points to 2,896, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had dropped 182 points to 8,384.
Amid all the losses, a few stocks managed to post gains. The Trade Desk (NASDAQ: TTD) and Foot Locker (NYSE: FL) both gave their most recent earnings reports, and shareholders of both companies seemed pleased by what they saw.
Shares of The Trade Desk jumped 7% after the programmatic advertising specialist announced strong results for the fourth quarter of 2019. Growth rates remained solid, giving investors reassurance that the company is still poised to keep building itself up as a force in the broader ad market.
Source Fool.com
