U.S. stock markets closed mostly higher on Tuesday, but the Dow industrials were weighed by the worst stock slump in year for shares of Walgreens Boots Alliance Inc. WBA, -12.81% Market moves were modest in either direction a day after investors kicked off the start of the second quarter with a sharp rally on the back of stabilizing manufacturing reports in China and the U.S.
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Why is Walgreens stock tumbling? It couldn't have anything to do with Mitch lying about drug costs and healthcare, could it?
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Dow snaps 3-day winning streak as Walgreens falls on earningsIt was a mixed day for markets as the Dow fell for the first time in 4 days and the S&P 500 closed just above the flatline. A sharp decline in Walgreens Boots Alliance kept the market in check after the company reported weaker-than-expected earnings.
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