Daily Market Wrap: August 21, 2012 Tuesday, August 21, 4:18 PM ET
Tech stocks pulled the markets lower today, just one day after Apple (AAPL) closed at an all-time high.
Shares of Facebook (NASDAQ:
FB) fell even further today after one of the company's earliest investors Peter Thiel sold a majority of his shares in the company.
His sales of more than 20 million shares took place after the lockup on insider selling came to a close.
Urban Outfitters (NASDAQ:
URBN) posted strong earnings results, beating Wall Street expectations, sending shares higher today.
The retailer also operates the Anthropologie and Free People brands.
Medical technology company Medtronic (NYSE:
MDT) missed expectations despite higher earnings. The company also backed its guidance for fiscal 2013.
Tomorrow, we'll take a look at the data for existing home sales as well as earnings results from American Eagle Outfitters (NYSE:
AEO) and Hewlett-Packard (NYSE: HP).
For MarketNewsVideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Computer Peripherals, Hospital & Medical Practitioners
Related symbols: STX, LOGI, CYH, THC
Tuesday Sector Leaders: Apparel Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: TLRD, SMRT, FCX, RELY
Monday Sector Laggards: Apparel Stores, Cigarettes & Tobacco Stocks
Related symbols: ASNA, BOOT, XXII, AOI
Tuesday's ETF with Unusual Volume: MORT
Related symbols: MORT, NLY, AGNC, HASI, IVR
Tuesday's ETF Movers: XME, XBI
Related symbols: FCX, ATI, AKAO, IONS, XBI, XME
IWM, SVXY: Big ETF Outflows
Related symbols: IWM, SVXY, KITE, GPT
Daily Dividend Report: BBT, CMA, HXL, IBM, WPZ, ETN, EXC
Related symbols: BBT, CMA, HXL, IBM, WPZ, ETN, EXC
Daily Dividend Report: STT, SWKS, MXIM, ZION, KO, INTC
Related symbols: STT, SWKS, MXIM, ZION, KO, INTC
Daily Dividend Report: C, PPG, SWK, MMP, CAG, SJM, WST, TXN, BLK, KMI
Related symbols: C, PPG, SWK, MMP, CAG, SJM, WST, TXN, BLK, KMI
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Daily Market Wrap: August 21, 2012
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