Daily Market Wrap: November 9, 2011 Wednesday, November 9, 4:13 PM ET
Fears over the debt crisis in Europe are continuing to have an impact on US markets today, sending the Dow down over 400 points.
Italy's 10 year bond yield shot up above 7 percent, a record for the euro era, and alarmingly, a level at which other EU members, most notably Ireland, Portugal and Greece, have required bailouts.
In earnings news, Anheuser-Busch Inbev (NYSE:
BUD) reported a gain in third quarter earnings with a 3.6 percent increase in revenue.
Results were ahead of analyst expectations, helped by strength in emerging markets.
General Motors (NYSE:
GM) reported a decline in third quarter earnings today. However, the company reported an increase in revenue and results beat analyst expectations.
More bad news for Toyota (NYSE:
TM) today. The automaker is recalling more than half a million vehicles worldwide due to steering problems.
Last year, the company lost market share after recalling vehicles for gas pedal problems.
Adobe Systems (NASDAQ:
ADBE) shares are trading down about 11 percent today, after the company announced late yesterday, it is cutting 750 jobs.
The company said the cuts are mainly in North America and Europe.
Tomorrow, we'll take a look at the numbers for jobless claims as well as earnings from Kohl's (NYSE:
KSS), Disney (NYSE: DIS) and Nordstrom (NYSE: JWN).
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Paper & Forest Products, Biotechnology Stocks
Related symbols: RTK, ASPN, CDTX, MNTA
Tuesday Sector Leaders: Shipping, Hospital & Medical Practitioners
Related symbols: SBLK, GNK, CYH, KND
Friday Sector Laggards: Precious Metals, Construction Stocks
Related symbols: AUY, HBM, GVA, MTZ
Tuesday's ETF with Unusual Volume: PBS
Related symbols: PBS, SIRI, FB, SNI, NCMI
Tuesday's ETF Movers: ILF, IBB
Related symbols: CIG, VALE, TRVN, AMPH, IBB, ILF
IWM, GASX: Big ETF Outflows
Related symbols: IWM, GASX, AMD, MSCC
Daily Dividend Report: HD, NEE, AET, WMB, PEG, GPC
Related symbols: HD, NEE, AET, WMB, PEG, GPC
Daily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Related symbols: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Daily Dividend Report: KO, CSCO, SHW, KHC, OXY, PCG, SWK
Related symbols: KO, CSCO, SHW, KHC, OXY, PCG, SWK
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: November 9, 2011
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.