Market Focus

Cal-Maine

Cal-Maine’s results disappointed investors. The company actually reported a big increase in earnings, as the bird flu has impacted its rival egg producers. Still the company’s bottom line results fell short of estimates. Shares slid 12 percent to $50.63.

Vail Resorts

Vail Resorts also reported disappointing quarterlies. The ski resort company’s loss was wider than expected. It did report an increase in revenue and season pass sales. Still shares fell four percent to $103.05.

Whole Foods

Whole Foods is cutting 1,500 jobs over the next two months. The upscale grocery chain says the move is part of its plan to lower prices for its customers. The stock slipped one percent to $30.75.

Apple

Apple reported record sales of its iPhone 6s and 6s Plus. In the devices first weekend of availability the Dow component sold more than 13 million phones, setting a company record. Despite that, shares fell almost two percent on this down day to close at $112.44.

Nexstar Broadcasting & Media General

Nexstar Broadcasting has offered nearly $2 billion to buy the local TV station owner Media General. The move is an attempt to break up the company’s recent agreement to buy Meredith Corp. According to Nexstar, the deal would allow the combine companies to reach about 40 percent of U.S. households. Media general surged 22 percent to $13.64. Nexstar fell more than two percent to $43.51.

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