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.
Monday Sector Leaders: Music & Electronics Stores, Entertainment Stocks
Related symbols: CONN, RCII, DWA, LGF
Monday Sector Laggards: Textiles, Paper & Forest Products
Related symbols: SQBG, VRS, KS
Friday Sector Leaders: Music & Electronics Stores, Asset Management Stocks
Related symbols: RSH, HGG, JNS, LM
VEU, SRTY: Big ETF Inflows
Related symbols: VEU, SRTY, NSRGY, NVS
Monday's ETF with Unusual Volume: FXN
Related symbols: FXN, XOM, CHK, LPI, RDC
Monday's ETF Movers: XOP, ILF
Related symbols: ATHL, LPI, PBR.A, BBD, ILF, XOP
Daily Dividend Report: CLC, AYI, MORN, ARP, QRE
Related symbols: CLC, AYI, MORN, ARP, QRE
Daily Dividend Report: T, MAS, SCS, PIR, LNN, DOC
Related symbols: T, MAS, SCS, PIR, LNN, DOC
Daily Dividend Report: CVS, CW, WOR, LMT, WGL, DEL
Related symbols: CVS, CW, WOR, LMT, WGL, DEL
Weekly Market Wrap: September 26, 2014
Related symbols: JNS, BBRY, YHOO, MU, CVS, LMT, CPB, WSM
Weekly Market Wrap: September 19, 2014
Related symbols: BABA, YHOO, RAD, ORCL, MMC, IRM, LPT, STLD
Weekly Market Wrap: September 12, 2014
Related symbols: S, BAC, EBAY, AAPL, YHOO, CL, TYC, PM, IP, AMAT
Week Ahead Market Report: September 29, 2014
Related symbols: TIBX, BAC, ATHL, JNS, WAG, AYI, GPN
Week Ahead Market Report: September 22, 2014
Related symbols: BAC, YHOO, AAPL, BABA, VALE, BBBY, KBH, MU, BBRY
Week Ahead Market Report: September 15, 2014
Related symbols: BAC, YHOO, AAPL, NOK, AVNR, ADBE, LEN, CAG, ORCL
All videos » |
Stock market definitions »
Daily Market Wrap: November 9, 2011
| Market News Video | Copyright © 2008 - 2014, 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.