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.
Thursday Sector Laggards: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
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Thursday Sector Leaders: Gas Utilities, Textiles
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Tuesday Sector Laggards: Computers, Insurance Brokers
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Thursday's ETF with Unusual Volume: FNI
Related symbols: FNI, BIDU, VIPS, RDY, MMYT
Thursday's ETF Movers: XLU, GDX
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Daily Market Wrap: August 21, 2012
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