Stocks fall after Turkey shoots down plane; Black Friday malware threat; Apple Pay's China play

Stocks (^GSPC) (^DJI) (^IXIC) started the day in the red, after Turkish military shot down what was likely a Russian jet fighter along the Syrian border. Turkey claims the plane violated the country's airspace. Meanwhile, Russian President Vladimir Putin called Turkey's action "a stab in the back."

On the economic front, the second reading of third-quarter GDP came in as expected, up 2.1%. That’s up from the initial reading of 1.5%. 

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Stocks to Watch

Priceline (PCLN), United Continental (UAL), American Airlines (AAL), and other travel and leisure companies are under pressure in early trading after the U.S. State Department issued a worldwide travel alert for Americans amid increased terror threats ahead of the busy Thanksgiving weekend. This comes as Brussels remains on lockdown for a fourth day following attacks in Paris and Mali.

Xerox (XRX) shares soared after activist investor Carl Icahn disclosed in a security filing that he has taken a 7.13% stake in the printer maker, making him the second-biggest shareholder. Icahn called the stock undervalued and said he plans to "have talks with management.”

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Tiffany (TIF) reported earnings and revenue that missed expectations for the third quarter. Revenue fell more than 2% from a year earlier as the strong dollar took a toll on sales. Tiffany also slashed its outlook for the year ahead of the all-important holiday shopping season. 

Campbell Soup (CPB) raised its outlook for the year as its cost-cutting moves took effect and margins improved. The company also posted fiscal first-quarter earnings per share that blew past Wall Street forecasts, while revenue matched estimates.  

Brocade Communications (BRCD) issued a weak outlook for the current quarter citing a slowdown in government spending, despite reporting earnings and revenue that topped analysts' estimates in its fiscal fourth quarter.

Malware threat

Black Friday shoppers beware: there’s a new malware threat. ISight Partners, a threat intelligence company, has discovered a point-of-sale malware code that could harvest credit details as shoppers scan their cards.

Apple Pay eyes China

Apple Pay (AAPL) is set to take on the world’s second-largest economy. The Wall Street Journal reports that Apple will launch its mobile wallet in China by early February, after cutting deals with the country’s four largest state-run banks.