Daily Market Wrap: July 10, 2012 Tuesday, July 10, 4:46 PM ET
Optimism over the German court hearing on the euro bailout was overshadowed by a disappointing outlook from the US technology sector, as the markets added to their losses in the afternoon.
In economic news, the National Federation of Independent Business is reporting a sharp decline in small business optimism in June.
Chipmaker Applied Materials (NASDAQ:
AMAT) said it expects its third-quarter results to be at the low end of its previous forecast. The company also anticipates it will miss its full year estimates.
Aluminum producer Alcoa (NYSE:
AA) beat Wall Street expectations with its quarterly revenue and profit, thanks to an increase in orders from the aerospace and auto industries.
Shareholders of Coca Cola (NYSE:
KO) have approved the company's first stock split in 16 years. The move will double the company's common stock shares to $11.2 billion.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Marriott (NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Related symbols: SLW, TGD, YZC, HCLP
Tuesday Sector Leaders: REITs, Electric Utilities
Related symbols: VTR, RHP, TERP, UIL
Monday Sector Laggards: Oil & Gas Exploration & Production, Metals & Mining Stocks
Related symbols: HNR, REN, YZC, UEC
Tuesday's ETF with Unusual Volume: IDLV
Related symbols: IDLV, T, GSK, GPT, ANDR
Tuesday's ETF Movers: IDU, GXC
Related symbols: UIL, DUK, CISG, CMCM, GXC, IDU
QQQ, SRTY: Big ETF Outflows
Related symbols: QQQ, SRTY, AAPL, MSFT
Daily Dividend Report: QCOM, SE, DUK, PCAR, GEL, EME
Related symbols: QCOM, SE, DUK, PCAR, GEL, EME
Daily Dividend Report: SBR, MMS, SJI, CMRE, NWN, ALG
Related symbols: SBR, MMS, SJI, CMRE, NWN, ALG
Daily Dividend Report: SSS, PNC, RPM, WST, MW
Related symbols: SSS, PNC, RPM, WST, MW
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Daily Market Wrap: July 10, 2012
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