Tesla and Facebook Are Lower as Black Friday Begins in the Red

32 days until Christmas: We are now in the stretch run for the year, with 26 trading days left in 2018. So far, November has been a bumpy ride. The Dow Jones Industrial Average is down 2.6% month to date. The S&P 500 is down 2.3% and the Nasdaq Composite has dipped 4.6%. This morning, European stocks are up a little, but U.S. futures pointed to a lower open. Dow, S&P and Nasdaq futures were all down 0.5%. In today’s Morning Movers, we…

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Morning Movers

Credit Suisse (CS) is down 1% to $11.84 after RBC Capital Markets downgraded it to Market Perform.

Facebook (FB) is down 0.8% to $133.80 on reports from TechCrunch that it’s still seeing “intermittent issues” with its ad products.

Overstock.com (OSTK) is up 5.7% to $17.95 after The Wall Street Journal reported that it plans to sell its retail business.

Rockwell Collins (COL) is up 8.5% to $140.73 after Chinese authorities approved its acquisition by United Technologies (UTX) up 1% to $126.97.

Tesla (TSLA) is down 1.2% to $334.15 after Reuters reports it plans to l ower prices of cars in China amid tariffs.

Write to Allen Root at Allen.Root@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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