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.
Thursday Sector Leaders: Consumer Services, Publishing Stocks
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Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
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Wednesday Sector Leaders: Agriculture & Farm Products, Music & Electronics Stores
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Thursday's ETF with Unusual Volume: MTUM
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Thursday's ETF Movers: BSCF, XBI
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Daily Dividend Report: SU, MRO, MPC, XOM, CVX, COF, MCK, ABX, AUY, CA
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Daily Market Wrap: July 10, 2012
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