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.
S&P 500 Movers: PAYX, FCX
Related symbols: PAYX, FCX, LEG, CTAS
Nasdaq 100 Movers: PAYX, INCY
Related symbols: PAYX, INCY, BIDU, SWKS
Dow Movers: MCD, CAT
Related symbols: MCD, CAT, NKE, AAPL
Wednesday Sector Laggards: Home Furnishings & Improvement, Music & Electronics Stores
Related symbols: TPX, SCSS, CONN, JD
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: PQ, OAS, RYI, ATUSF
Tuesday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Related symbols: VNR, CHK, BTG, SSRI
Wednesday's ETF with Unusual Volume: FTC
Related symbols: FTC, SIRI, AMAT, INCY, PAYX
Wednesday's ETF Movers: XOP, XBI
Related symbols: OAS, DNR, EXEL, CLDX, XBI, XOP
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Related symbols: VFH, DUST, TPL, ABR
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Related symbols: OGE, GIS, MKC, MAA, WGL
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Related symbols: AXP, SNX, CLC, MA, HRL
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Related symbols: TTEC, MTN, NRZ, SM
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Daily Market Wrap: August 21, 2012
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