Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today

The broader market edged even higher into record territory on Friday, buoyed in part by strong earnings releases in the tech sector and better-than-expected U.S. GDP growth.

Despite the overall positive mood on Wall Street, disappointing second-quarter earnings reports dragged down shares of Mohawk Industries (NYSE: MHK), Cabot Oil & Gas (NYSE: COG), and Fortive (NYSE: FTV).

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