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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
Friday 7/28 Insider Buying Report: SRPT, ETFCFriday 7/28 Insider Buying Report: SRPT, ETFC
Related symbols: SRPT,ETFC
Thursday 7/27 Insider Buying Report: CABO, KALAThursday 7/27 Insider Buying Report: CABO, KALA
Related symbols: CABO,KALA
Wednesday 7/26 Insider Buying Report: ELS, HOMBWednesday 7/26 Insider Buying Report: ELS, HOMB
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Dow Movers: XOM, CVXDow Movers: XOM, CVX
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Nasdaq 100 Movers: MAT, BIDUNasdaq 100 Movers: MAT, BIDU
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S&P 500 Movers: FLS, ALGNS&P 500 Movers: FLS, ALGN
Related symbols: FLS,ALGN
S&P 500 Analyst Moves: PCGS&P 500 Analyst Moves: PCG
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S&P 500 Analyst Moves: HALS&P 500 Analyst Moves: HAL
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Friday Sector Laggards: General Contractors & Builders, Non-Precious Metals & Non-Metallic Mining StocksFriday Sector Laggards: General Contractors & Builders, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: AVHI,CAA,AKS,X
Friday Sector Leaders: Trucking, Precious MetalsFriday Sector Leaders: Trucking, Precious Metals
Related symbols: ARCB,SAIA,RIC,IAG
Thursday Sector Laggards: Education & Training Services, AirlinesThursday Sector Laggards: Education & Training Services, Airlines
Related symbols: BPI,CHGG,SAVE,HUBG
Friday's ETF with Unusual Volume: FDNFriday's ETF with Unusual Volume: FDN
Related symbols: FDN,TWTR,FB,LOGM,EGHT
Friday's ETF Movers: GDXJ, XMEFriday's ETF Movers: GDXJ, XME
Related symbols: DPM.CA,RIC,AKS,X,XME,GDXJ
USMV, FTXH: Big ETF OutflowsUSMV, FTXH: Big ETF Outflows
Related symbols: USMV,FTXH,BDX,MCD,ABT,ABBV
Daily Dividend Report: RSG, ETE, PFG, MCD, HON, SBUXDaily Dividend Report: RSG, ETE, PFG, MCD, HON, SBUX
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Daily Dividend Report: SU, MCK, SYF, CVX, CMCSA, GILD, UNPDaily Dividend Report: SU, MCK, SYF, CVX, CMCSA, GILD, UNP
Related symbols: SU,MCK,SYF,CVX,CMCSA,GILD,UNP
Daily Dividend Report: WFC, ANTM, MPC, DFS, HSY, XOM, MRKDaily Dividend Report: WFC, ANTM, MPC, DFS, HSY, XOM, MRK
Related symbols: WFC,ANTM,MPC,DFS,HSY,XOM,MRK
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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Daily Market Wrap: May 8, 2012 | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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