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Dow pares gains as Mueller subpoenas Trump Organization

Yahoo Finance

Stocks pare gains as the Mueller investigation reportedly targets the Trump Organization. Plus, we have after-hours earnings with Broadcom, Adobe, and Overstock.com all coming up. And Spotify’s NYSE listing now has a date, but it still isn’t like any regular IPO. We explain. Plus, it’s a sad day in toyland as Toys ‘R’ Us will close all its stores. Who gets the blame—and who gets the spoils? Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.

Winners and losers

Stocks in the red include Del Taco as the Mexican chain missed on earnings and revenue; Quorvo as BofA/Merrill downgraded the mobile chipmaker to ‘Underperform’ with a new $80 price target; and Snap, with shares skidding after Rihanna called out Snapchat for running an ad asking users to slap Rihanna or punch Chris Brown, appearing to make light of Brown’s 2009 felony assault on Rihanna.

Stocks in the green include Alibaba on reports it’s considering a stock listing in China; Williams-Sonoma as the kitchen and housewares company beat on earnings and revenue and issued upbeat forward guidance; and Barnes & Noble, with shares climbing higher as the bookseller declared a quarterly dividend of 15 cents per share and said it expects growth in the coming fiscal year.