Rick Winters on Dunkin' Donuts New CEO | NECN Market Analysis

Materials & Industrials Lead Broad-Based Selloff; Dunkin’ Announces New CEO

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, July 11. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite indexes closed the day down 0.9%, 0.7% and 0.5%, respectively. Today’s broad-based selloff resulted in declines for 10 out of the 11 broad S&P 500 sectors; and materials and industrials led the slump. Overseas, Shanghai’s SSE Composite Index took a hit: It fell 1.8%, and is down 14% year-to-date. Closer to home, Dunkin’ Donuts announced that its president of U.S. businesses, David Hoffman, is replacing Chief Executive Officer Nigel Travis, effective immediately.

Recent Videos

View All Videos

Adam Johnson on Fox Business: Why I Like to Go Against the Crowd

Adam Johnson on Fox Business: Bear-Bull Ratio May Signal a Bottom

Lowell on Fox Business: Using Cash for Defense and Offense

Lowell on Fox Business: Interest-Rate Hikes and the American Consumer

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.