iRobot Plunges Nearly 9%

Charlie Toole, vice president at Adviser Investments, has the market analysis for Monday, October 8. The Dow Jones Industrial Average gained 0.2% while the S&P 500 had fractional losses and NASDAQ declined 0.7%. Defensive sectors—real estate, utilities and consumer staples—led today’s gains while technology underperformed. iRobot fell nearly 9% after Piper Jaffray lowered its stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. rating, citing trade tariff riskThe probability that an investment will decline in value in the short term, along with the magnitude of that decline. Stocks are often considered riskier than bonds because they have a higher probability of losing money, and they tend to lose more than bonds when they do decline.. Google parent Alphabet also declined, dropping 1% on news that the company failed to notify users of a massive user data breach.