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.
Nasdaq 100 Movers: INTU, PYPL
Related symbols: INTU, PYPL, TSCO, MU
S&P 500 Movers: SIG, JEC
Related symbols: SIG, JEC, CPB, MDT
Dow Movers: GE, AAPL
Related symbols: GE, AAPL, WMT, INTC
Tuesday Sector Laggards: Apparel Stores, Department Stores
Related symbols: DSW, NETS, JCP, DDS
Tuesday Sector Leaders: Computers, Diagnostics
Related symbols: CRAY, QTM, TDOC, DPLO
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: EGI, DRD, IO, CRC
Tuesday's ETF with Unusual Volume: GXC
Related symbols: GXC, VIPS, BABA, CMCM
Tuesday's ETF Movers: MCHI, XRT
Related symbols: ATHM, WUBA, SIG, DSW, XRT, MCHI
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Related symbols: FISI, NTIC, PEP, GPC, WLK
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Daily Market Wrap: May 8, 2012
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