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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 (AOL) and Macy's (NYSE:M).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: May 8, 2012 picture
Wednesday 7/27 Insider Buying Report: DAL, WTFCWednesday 7/27 Insider Buying Report: DAL, WTFC
Related symbols: DAL,WTFC
Tuesday 7/26 Insider Buying Report: NFLX, BKTuesday 7/26 Insider Buying Report: NFLX, BK
Related symbols: NFLX,BK
Monday 7/25 Insider Buying Report: WAIR, JPWMonday 7/25 Insider Buying Report: WAIR, JPW
Related symbols: WAIR,JPW
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Nasdaq 100 Movers: AKAM, AAPLNasdaq 100 Movers: AKAM, AAPL
Related symbols: AKAM,AAPL
S&P 500 Movers: AKAM, GRMNS&P 500 Movers: AKAM, GRMN
Related symbols: AKAM,GRMN
Dow Movers: KO, AAPLDow Movers: KO, AAPL
Related symbols: KO,AAPL
Dow Analyst Moves: HDDow Analyst Moves: HD
Related symbols: HD
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S&P 500 Analyst Moves: ABTS&P 500 Analyst Moves: ABT
Related symbols: ABT
Dow Analyst Moves: CVXDow Analyst Moves: CVX
Related symbols: CVX
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Beverages & WineriesWednesday Sector Laggards: Oil & Gas Exploration & Production, Beverages & Wineries
Related symbols: SGY,PES,TAP,COKE
Wednesday Sector Leaders: Biotechnology, Precious MetalsWednesday Sector Leaders: Biotechnology, Precious Metals
Related symbols: SQNM,FOLD,WRN,VGZ
Tuesday Sector Laggards: Cigarettes & Tobacco, Restaurants & EateriesTuesday Sector Laggards: Cigarettes & Tobacco, Restaurants & Eateries
Related symbols: RAI,XXII,CHUY,LOCO
Wednesday's ETF with Unusual Volume: DLNWednesday's ETF with Unusual Volume: DLN
Related symbols: DLN,AAPL,BAC,STT,JNPR
Wednesday's ETF Movers: XBI, FXNWednesday's ETF Movers: XBI, FXN
Related symbols: FOLD,SGEN,WLL,WPX,FXN,XBI
XME, JPXN: Big ETF OutflowsXME, JPXN: Big ETF Outflows
Related symbols: XME,JPXN,CDE,HL
Daily Dividend Report: SPG, BBT, MPC, CG, AAPL, XOM, WFC, CMCSA, MRK, MCKDaily Dividend Report: SPG, BBT, MPC, CG, AAPL, XOM, WFC, CMCSA, MRK, MCK
Related symbols: SPG,BBT,MPC,CG,AAPL,XOM,WFC,CMCSA,MRK,MCK
Daily Dividend Report: IBM, GILD, COST, AEP, EXC, ETN, FISDaily Dividend Report: IBM, GILD, COST, AEP, EXC, ETN, FIS
Related symbols: IBM,GILD,COST,AEP,EXC,ETN,FIS
Daily Dividend Report: AMGN, NLSN, MAC, CF, EE, WWDDaily Dividend Report: AMGN, NLSN, MAC, CF, EE, WWD
Related symbols: AMGN,NLSN,MAC,CF,EE,WWD
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
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Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
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Daily Market Wrap: May 8, 2012 | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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