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 (
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 (
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 (
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 (
For Marketnewsvideo.com, I'm Sayoko Murase.
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Related symbols: ZUMZ, LULU, BIG, FIVE
Monday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: NDRO, PER, HMY, EXK
Wednesday Sector Laggards: Electric Utilities, Agriculture & Farm Products
Related symbols: GLBL, TERP, CRESY, AGRO
Monday's ETF with Unusual Volume: PEY
Related symbols: PEY, T, KO, PPL, LMT
Monday's ETF Movers: OIH, IBB
Related symbols: CRR, TDW, XNPT, RLYP, IBB, OIH
XLE, GASL: Big ETF Inflows
Related symbols: XLE, GASL, XOM, CVX, APC, AR
Daily Dividend Report: ARP, ETH, CASH
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Related symbols: BDX, HRL, VAL, LG, FGP, DSW, CHS
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Daily Market Wrap: July 10, 2012
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