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.
Tuesday Sector Laggards: Construction Materials & Machinery, General Contractors & Builders
Related symbols: MAS, MHK, SKY, MHO
Tuesday Sector Leaders: Precious Metals, Education & Training Services
Related symbols: NG, BTG, EDU, CPLA
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: MUX, GFI, SGY, CWEI
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Related symbols: XLP, FAD, PG, KO, ULTA, LRCX
IEMG, GUSH: Big ETF Inflows
Related symbols: IEMG, GUSH, BABA, BIDU
Tuesday's ETF with Unusual Volume: MLPX
Related symbols: MLPX, KMI, BPL, AM
Daily Dividend Report: V, AEP, BRX, IBM, GM
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Daily Dividend Report: T, VFC, MAC, C, SJM
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Daily Dividend Report: CCI, PNW, JNJ, KO, SLB, SCHW, K, PPG, ED
Related symbols: CCI, PNW, JNJ, KO, SLB, SCHW, K, PPG, ED
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Daily Market Wrap: May 8, 2012
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