Nov 08 |21:49
The Dow Jones industrial average (^DJI) slid 153 points Thursday, retreating from Wednesday's record high. The Standard & Poor's 500 index (^GPSC) lost 23, and the Nasdaq composite index (^IXIC) tumbled 74 points.
The sell-off prompted some analysts to warn this could be the start of a 5-to-10 percent market correction -- which some of the same analysts believe could be good for the market in the long run.
Walt Disney's Marvel unit will make four new TV-style series featuring live-action superheroes to roll out over the next several years. Some of the main characters are Daredevil, Iron Fist and Jessica Jones. Each will star in a 13-episode series that expands the Netflix (NFLX) library of original content shows.
Separately, Disney (DIS) reports a 12 percent increase in quarterly earnings, led by its theme parks and the Pixar hit "Monsters University." Disney also postponed the next "Star Wars" movie until late next year.
Priceline.com (PCLN) is the only stock in the history of the S&P 500 to top $1,000 a share, and it could add to those gains today, following a 40 percent jump in earnings. However, its outlook for the fourth-quarter was a bit on the conservative side.
Groupon's net edged past expectations, but revenue fell short. The company says the number of active users of the daily-deal site increase by 10 percent from a year ago to more than 43 million. Groupon's (GRPN) stock has soared by 150 percent over the past year, despite a bit of hiccup over the past six weeks. The company also says it's buying a Korean e-commerce company.
Finally, here's your chance to sleep with Elvis. A bedding collection featuring Elvis was one of the winners of a Walmart (WMT) contest for new products. The bedding set will cost $100. Long live The King.
-Produced by Drew Trachtenberg.
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