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: Precious Metals, Manufacturing Stocks
Related symbols: SAND, SA, CRNT, WSTL
Tuesday Sector Laggards: Agriculture & Farm Products, Oil & Gas Exploration & Production Stocks
Related symbols: GRO, UAN, FST, BPZ
Monday Sector Leaders: Music & Electronics Stores, Drugs
Related symbols: HGG, VOXX, RNA, FPRX
Tuesday's ETF with Unusual Volume: PEJ
Related symbols: PEJ, MGM, DIS, LOCO, BKW
Tuesday's ETF Movers: GDX, XOP
Related symbols: CDE, KGC, GDP, SFY, XOP, GDX
IWM, EFU: Big ETF Outflows
Related symbols: IWM, EFU, WEX, ISIS
Daily Dividend Report: BDX, HRL, VAL, EXR, DSW, CHS
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Related symbols: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
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Related symbols: NKE, A, FLO, HD, UNP, FDX
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Daily Market Wrap: May 8, 2012
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