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.
Wednesday Sector Laggards: Education & Training Services, Water Utilities
Related symbols: DV, ESI, GWRS, YORW
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Precious Metals
Related symbols: BCEI, PES, EXK, HBM
Tuesday Sector Laggards: Precious Metals, Shipping Stocks
Related symbols: TGD, THM, SSW, NM
Wednesday's ETF with Unusual Volume: REET
Related symbols: REET, CBL, HST, DRH
Wednesday's ETF Movers: XME, IDU
Related symbols: AKS, CLF, TLN, DYN, IDU, XME
HEZU, FTW: Big ETF Outflows
Related symbols: HEZU, FTW
Daily Dividend Report: OMC, BG, WRB, BLK, MCK
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Daily Dividend Report: PCG, CBT, MRK, ALL, HRL, THG
Related symbols: PCG, CBT, MRK, ALL, HRL, THG
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Related symbols: NSP, AET, YUM, CCI, SYY, ZBH, WY
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Daily Market Wrap: July 10, 2012
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