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.
Friday Sector Leaders: Medical Instruments & Supplies, Metals Fabrication & Products
Related symbols: IVC, MMSI, APT, TREX
Friday Sector Laggards: Education & Training Services, Shipping Stocks
Related symbols: EDMC, ESI, DRYS, SB
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Friday's ETF with Unusual Volume: BBH
Related symbols: BBH, GILD, CELG, BMRN, NPSP
Friday's ETF Movers: ILF, GDXJ
Related symbols: PBR.A, SID, GBU.CA, TRX, GDXJ, ILF
XLV, HDG: Big ETF Outflows
Related symbols: XLV, HDG, JNJ, PFE, FLWS, XXII
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Related symbols: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA, DD, TWC, AAL, VLO
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Related symbols: V, ENB, STX, PH, C
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Daily Market Wrap: August 21, 2012
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