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.
Wednesday Sector Leaders: Agriculture & Farm Products, Music & Electronics Stores
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Wednesday Sector Laggards: General Contractors & Builders, Precious Metals
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Tuesday Sector Leaders: Biotechnology, Metals Fabrication & Products
Related symbols: MDXG, CBMG, PGTI, NOR
Wednesday's ETF with Unusual Volume: MTUM
Related symbols: MTUM, FB, YHOO, HUM
Wednesday's ETF Movers: FDN, XLU
Related symbols: TWTR, CSOD, AEE, PEG, XLU, FDN
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Related symbols: FXR, FGM, URS, ACM
Daily Dividend Report: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
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Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Related symbols: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
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Daily Market Wrap: May 8, 2012
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