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: Precious Metals, Medical Instruments & Supplies
Related symbols: TRX, AUMN, QTNT, EW
Wednesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: SAIA, ARCB, LOGI, JNPR
Tuesday Sector Laggards: Construction Materials & Machinery, General Contractors & Builders
Related symbols: MAS, MHK, SKY, MHO
IYR, DRIP: Big ETF Outflows
Related symbols: IYR, DRIP, SPG, AMT
XLF, IRV: Big ETF Inflows
Related symbols: XLF, IRV, BRK.B, JPM, ABX.CA, PKX
Wednesday's ETF with Unusual Volume: IXC
Related symbols: IXC, CHK, PBR, MPC, SWN
Daily Dividend Report: AAPL, WFC, CMCSA, SPG, MET
Related symbols: AAPL, WFC, CMCSA, SPG, MET
Daily Dividend Report: V, AEP, BRX, IBM, GM
Related symbols: V, AEP, BRX, IBM, GM
Daily Dividend Report: T, VFC, MAC, C, SJM
Related symbols: T, VFC, MAC, C, SJM
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Daily Market Wrap: August 21, 2012
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