Todd Peters, senior vice president at Adviser Investments, has the market analysis for Tuesday, June 25. All major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. market indexes declined, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite down 0.7%, 1.0% and 1.5%, respectively. Big mergers remain in the news, as drugmaker AbbVie announced plans to buy Allergan for around $63 billion; AbbVie’s stock dropped 16% while Allergan’s soared 25%. FedEx’s quarterly results showed the company matched estimates on sales and beat estimates on earnings, but its stock pulled back due to ongoing international trade concerns.
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