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.
Tuesday Sector Leaders: Airlines, Specialty Retail Stocks
Related symbols: ZNH, CEA, FLWS, SPLS
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: CONN, RSH, ANV, SAND
Friday Sector Leaders: Music & Electronics Stores, Information Technology Services
Related symbols: RSH, CONN, RALY, SPLK
Tuesday's ETF with Unusual Volume: FRN
Related symbols: FRN, BVN, BSAC, EOC
Tuesday's ETF Movers: IYT, XOP
Related symbols: UAL, ALK, MHR, GST, XOP, IYT
SH, FXS: Big ETF Outflows
Related symbols: SH, FXS
Daily Dividend Report: JE, TSS, EGAS, EDUC, EFSC, WSBC
Related symbols: JE, TSS, EGAS, EDUC, EFSC, WSBC
Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Related symbols: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Daily Dividend Report: TD, HUM, ROC, WR, CBL, PPS, OFG
Related symbols: TD, HUM, ROC, WR, CBL, PPS, OFG
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Daily Market Wrap: May 8, 2012
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