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: Waste Management, General Contractors & Builders
Related symbols: BHTG, NEWA, WLH, HOV
Wednesday Sector Leaders: Vehicle Manufacturers, Entertainment Stocks
Related symbols: ADOM, FUV, LIVX, FOXA
Tuesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Defense Stocks
Related symbols: ZEUS, CENX, AJRD, HII
Wednesday's ETF Movers: XBI, WOOD
Related symbols: TSRO, ONCE, PCH, UFS, WOOD, XBI
HYG, JDST: Big ETF Outflows
Related symbols: HYG, JDST
IEFA, XITK: Big ETF Inflows
Related symbols: IEFA, XITK, NXPI, TEVA, TWLO, MOMO
Daily Dividend Report: FITB, ORCL, HPQ, SRE, O
Related symbols: FITB, ORCL, HPQ, SRE, O
Daily Dividend Report: SBUX, LLY, USB, CL, IEX
Related symbols: SBUX, LLY, USB, CL, IEX
Daily Dividend Report: CPT, THO, WSM, IVR, ANH
Related symbols: CPT, THO, WSM, IVR, ANH
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Daily Market Wrap: August 21, 2012
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