Markets closed down despite some pockets finding strength during the trading day. Applied Materials (AMAT) was one of them, until investors brought the stock back down following the company's postmarket earnings report. Walt Disney (DIS) rallied after showing strength in its streaming service. Tapestry (TPR) closed as the S&P 500's top performer after it and Capri (CPRI) ended merger talks. Diane King Hall reflects on the day's biggest stories.