Comment on Why Scholastic, American Express, and Philip Morris Slumped Today

Why Scholastic, American Express, and Philip Morris Slumped Today

Major benchmarks declined on Thursday as President Trump criticized the Federal Reserve for its continued interest rate increases, seemingly shunning the White House's traditionally hands-off approach with the U.S. central bank and shifting attention away from a mostly positive start to corporate earnings season.But several individual stocks pulled back harder than most, including Scholastic (NASDAQ: SCHL), American Express (NYSE: AXP), and Philip Morris (NYSE: PM).

 

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