Daily Market Wrap: May 8, 2012 Tuesday, May 8, 5:13 PM ET
New concerns over the ongoing debt crisis in Greece sent U.S. markets sharply lower today, with the Dow Jones Industrial Average sinking below 13,000.
On the earnings front, Wendy's (NASDAQ:
WEN) missed earnings expectations for its first quarter, due to rising costs and also cut its forecast for the year.
Meanwhile, shares of fast food giant McDonalds (NYSE:
MCD) are trading lower, after the company posted same store sales for April that missed expectations.
Among banks, HSBC (
HBC) posted first quarter profits that beat expectations, thanks in part to increased income at its securities unit.
First Bank (NASDAQ:
FNLC) reported a narrower loss for its first quarter, sending shares higher today.
Discovery Communications (NASDAQ:
DISCA) posted earnings which missed expectations, as the company was negatively impacted by losses at the Oprah Winfrey Network.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from AOL (NYSE:
AOL) and Macy's (NYSE: M).
For Marketnewsvideo.com, I'm Sayoko Murase.
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Related symbols: APRI, IMGN, CXDC, KRA
Wednesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: RSH, CONN, AEM, THM
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Related symbols: ED, PPL, FXEN, MPO
Wednesday's ETF with Unusual Volume: IGM
Related symbols: IGM, FB, YHOO, JCOM, ADTN
Wednesday's ETF Movers: FBT, GDX
Related symbols: IMGN, ITMN, AEM, ASR.CA, GDX, FBT
FDN, RUSS: Big ETF Outflows
Related symbols: FDN, RUSS, AMZN, FB
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
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Related symbols: CSX, NTRS, FRC, NGLS, BTE
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Daily Market Wrap: May 8, 2012
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