Peloton bust | Stocks stall | Impeachment crash coming?

Stocks stalled Thursday as more information emerged about Trump's dealings in the Ukraine.

VIEW IN BROWSER | SUBSCRIBE THU, SEP 26, 2019 EVENING BRIEF AS OF THU, SEP 26, 2019 • 04:01 ET DJIA 26894.45 -0.28% -76.26 S&P 500 2977.83 -0.24% -7.04 NASDAQ 8030.66 -0.58% -46.72   Most Active DOW NAME LAST CHG %CHG CSCO 48.83 -0.78 -1.56% AAPL 219.89 -1.14 -0.52% MSFT 139.54 +0.18 +0.13% S&P 500 NAME LAST CHG %CHG AMD 29.47 -0.07 -0.24% GE 9.02 -0.14 -1.53% BAC 29.14 -0.11 -0.38% NASDAQ NAME LAST CHG %CHG AMD 29.47 -0.07 -0.24% MU 48.60 -0.87 -1.76% CMCSA 44.90 -0.93 -2.03% EDITOR'S NOTE An impeachment inquiry has turned the market from its hopes of reaching record highs.   Stocks languished Thursday after a whistleblower complaint against President Donald Trump went public. Trump warned of an impending stock market crash if he's impeached. Others see potential impeachment proceedings as a trading opportunity.   What the market really cares about, though, is trade, says Art Hogan, chief market strategist at National Securities. "If you rank things in an algorithm, trade would be at the top," he said.   For this reason, stocks could remain in a narrow range until trade talks resume in two weeks.   With no clear direction in sight, this is no time to launch an initial public offering, as Peloton learned Thursday. It priced at $29, opened at $27 and dipped below $25, ending the day down around 12%.     Peloton wasn't the most enthusiastically received IPO, anyway, with CNBC's Jim Cramer calling the company's bikes a place to hang laundry.    Peloton CEO John Foley had expected better. He said its $29 price left IPO investors room for profits.  "I feel like we weren't greedy," he told CNBC.  Well, maybe not too greedy.  Enjoying the CNBC Evening Brief newsletter? Tell us how we're doing and what we can do better by filling out this simple survey. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks struggle, weighed down by trade and impeachment concerns Whistleblower complaint is out: It alleges Trump abused power to influence 2020 election Peloton slides after opening below IPO price in market debut Wall Street Democratic donors warn the party: We'll sit out, or back Trump, if you nominate Elizabeth Warren An alleged cover-up, a secret server and more bombshells in Trump whistleblower complaint Trump warns again that the stock market would crash if he is impeached Boeing overestimated pilots' ability to handle misfires on 737 Max, NTSB says Pending home sales rebound in August as the slump in the West appears to be over First gas station in America to ditch oil for 100% electric vehicle charging opens in Maryland CDC says vaping lung cases surge 52% in the last week to 805 with at least 12 deaths     TOP VIDEO As Peloton falls in its market debut, trader says steer clear of IPOs   CNBC PRO Target is the best name in retail and can survive a downturn, says Cowen   SPECIAL REPORTS Why this analyst says there's more upside for homebuilders As Peloton falls in its market debut, trader says steer clear of IPOs   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS