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.
Nasdaq 100 Movers: EBAY, ORLY
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S&P 500 Movers: LKQ, CMG
Related symbols: LKQ, CMG, MGm, ORLY
Dow Movers: BA, V
Related symbols: BA, V, INTC, VZ
Thursday Sector Laggards: Trucking, Hospital & Medical Practitioners
Related symbols: ODFL, KNX, MGLN, UHS
Thursday Sector Leaders: Specialty Retail, Beverages & Wineries
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Wednesday Sector Laggards: Real Estate, Defense Stocks
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Thursday's ETF with Unusual Volume: VONE
Related symbols: VONE, AMD, T, CMG, SPB
Thursday's ETF Movers: IGV, VOX
Related symbols: AZPN, CTXS, ATNI, T, VOX, IGV
DBC, RNLC: Big ETF Outflows
Related symbols: Symbols:DBC, RNLC, CASH, CTL, VZ
Daily Dividend Report: JNJ, XOM, POR, CVX, LMT
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Related symbols: PM, NBEV
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Daily Market Wrap: July 10, 2012
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