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 Laggards: Entertainment, Home Furnishings & Improvement Stocks
Related symbols: HKTV, RENT, NVFY, PIR
Wednesday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: HMY, GORO, SPP, HERO
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Related symbols: MDW, EMXX, TCK, BTU
Wednesday's ETF with Unusual Volume: PPH
Related symbols: PPH
Wednesday's ETF Movers: GDXJ, XBI
Related symbols: BCM.CA, HMY, OVAS, ZIOP, XBI, GDXJ
XLP, FTW: Big ETF Outflows
Related symbols: XLP, FTW, PG, KO
Daily Dividend Report: RESI, MUR, WSO, SNX, LTC, ECOL
Related symbols: RESI, MUR, WSO, SNX, LTC, ECOL
Daily Dividend Report: TJX, MOV, SAIC, FCH
Related symbols: TJX, MOV, SAIC, FCH
Daily Dividend Report: T, SM, MW, IMKTA, ASBI
Related symbols: T, SM, MW, IMKTA, ASBI
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Daily Market Wrap: August 21, 2012
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