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 Laggards: Textiles, Water Utilities
Related symbols: DECK, HBI, SBS, PCYO
Friday Sector Leaders: Information Technology Services, Rental, Leasing, & Royalty Stocks
Related symbols: SONS, GIMO, PER, SDT
Thursday Sector Leaders: General Contractors & Builders, Education & Training Services
Related symbols: PHM, MTH, LRN, BPI
Friday's ETF Movers: GDXJ, ILF
Related symbols: EDV.CA, GBU.CA, PBR.A, BBD, ILF, GDXJ
XLF, QINC: Big ETF Outflows
Related symbols: XLF, QINC, BRK.B, WFC, O, ED
HEDJ, PSAU: Big ETF Inflows
Related symbols: HEDJ, PSAU, G, NEM
Daily Dividend Report: SPG, BRCM, HCP, FIS, XRX, DD
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Related symbols: POT, AVB, RCI, DGX, PAG, XOM, V, MCD, HPQ, LMT, MCK
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Daily Market Wrap: August 21, 2012
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