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.
Wednesday Sector Leaders: Biotechnology, Paper & Forest Products
Related symbols: PBYI, ONTY, KS, VRS
Wednesday Sector Laggards: Semiconductors, Computer Peripherals
Related symbols: XLNX, LSCC, JNPR, EXTR
Tuesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: HTLD, MRTN, EXTR, FEYE
Wednesday's ETF with Unusual Volume: PPH
Related symbols: PPH, PFE, GSK, ACT
Wednesday's ETF Movers: XBI, SOXX
Related symbols: PBYI, ARRY, XLNX, FSL, SOXX, XBI
IJH, ITF: Big ETF Outflows
Related symbols: IJH, ITF, URI, EQIX
Daily Dividend Report: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Related symbols: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Daily Dividend Report: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Related symbols: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Daily Dividend Report: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Related symbols: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
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Daily Market Wrap: August 21, 2012
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