"Key Stock Market Movers: Spirit Airlines, Alibaba, Disney, and More to Watch"

1 min read
Source: CNBC
"Key Stock Market Movers: Spirit Airlines, Alibaba, Disney, and More to Watch"
Photo: CNBC
TL;DR Summary

Stocks tumbled amid concerns about the Federal Reserve's approach to monetary policy, a federal judge blocked JetBlue's takeover of Spirit Airlines, Burger King's parent company is buying its largest franchisee for $1 billion, China's GDP fell short of estimates as it transitions to a new growth model, and more companies are defaulting on debt due to sustained high interest rates.

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