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.
Nasdaq 100 Movers: INTU, INCY
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S&P 500 Movers: INTU, MNK
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Dow Movers: PG, CSCO
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Wednesday Sector Laggards: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: AAU, EXK, NAK, CENX
Wednesday Sector Leaders: Beverages & Wineries, Drugs
Related symbols: BREW, FIZZ, LCI, PMC
Tuesday's ETF Movers: ITB, FPE
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Wednesday's ETF with Unusual Volume: PWB
Related symbols: PWB, SIRI, SBUX, INTU
Wednesday's ETF Movers: PJP, SIL
Related symbols: LCI, IPXL, EXK, MUX, SIL, PJP
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Related symbols: SPY, IEIL, AAPL, MSFT, AER
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Related symbols: TROW, CTL, BBY, VVI
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Related symbols: ZBH, ORI, THG, JBT, ESV
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Daily Market Wrap: August 21, 2012
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