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Stocks Tank in Midday Trading, Dow Drops Triple Digits

July 25, 2023
in Trade Tube
Reading Time: 1 min read
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The markets sold off at Tuesday’s midday trading pressured by the strong dollar and weakness overseas. Barnes & Noble (BKS) fell after missing its quarterly estimates. The bookstores chain also gave week guidance for the full year. Lumber Liquidators (LL) backed the trend and rose almost 13%. The company released the agenda for its conference call with investors on the heels of a negative ’60 Minutes’ report about the safety of its products. After the close, Skyworks Solutions (SWKS) will join the S&P 500. The semiconductor maker replaces PetSmart (PETM), which is being sold to BC Partners, a private equity firm.

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