XPO Logistics cut guidance and said it lost profits from a large customer. Investors will believe that’s the last-mile logistic business XPO provides for Amazon.com.
The Dow Jones Industrial Average rose 1.49% to close at 25,425.76. The S&P 500 added 1.29% to end at 2744.73, and the Nasdaq Composite gained 1.46% to end at 7414.62.
Aurora’s fiscal-second quarter sales were roughly in line with the company’s recent forecast. Still, cannabis prices fell significantly from a year ago.
The Dogs of the Dow stock-picking theory is based on buying cheap stocks in the blue-chip benchmark. We created the Dinosaurs of the Dow, six former (and one current) Dow components that have surged to start 2019.