Daily Market Wrap: October 19, 2012 Friday, October 19, 5:01 PM ET
Stocks are getting crushed after a slew of disappointing earnings reports. Heading into the last hour of trading, The Dow was down 1.7%, the S&P was down 1.8% and the Nasdaq was lower by 2.3%.
Investors worried after McDonalds (NYSE:
MCD), General Electric (NYSE: GE) and Microsoft (NASDAQ: MSFT) posted lower than expected quarterly results.
Microsoft's profit sank on a drop in PC sales. McDonald's earnings were hurt by a strong dollar and GE came in with lower than expected revenue.
In other news, purchases of existing homes fell 1.7% in September, which was pretty much as expected.
For Marketnewsvideo.com, I'm Kristin Bianco.
Analyst Moves: MCD, JCI, MTN
Related symbols: MCD, JCI, MTN, C
Analyst Moves: AAPL, FDX, ADBE, DDD
Related symbols: AAPL, FDX, ADBE, DDD, BAC, C, JEF, DB
Analyst Moves: NFX, EW, DGX
Related symbols: NFX, EW, DGX, UBS, WFC, BAC
Tuesday Sector Leaders: Precious Metals, Education & Training Services
Related symbols: TRX, ANV, CECO, LRN
Tuesday Sector Laggards: Shipping, Food Stocks
Related symbols: GNK, EGLE, DAR, POST
Monday Sector Leaders: General Contractors & Builders, Vehicle Manufacturers
Related symbols: RYL, LEN, KNDI, WGO
Tuesday's ETF Movers: GDXJ, OIH
Related symbols: TRX, ANV, MDR, OII, OIH, GDXJ
XLP, KOLD: Big ETF Outflows
Related symbols: XLP, KOLD, PG, KO
VEA, KRU: Big ETF Inflows
Related symbols: VEA, KRU, NSRGY, NVS, ASBC, BXS
Daily Dividend Report: SEIC, BDN, KAI, FLXS, OLP
Related symbols: SEIC, BDN, KAI, FLXS, OLP
Daily Dividend Report: JPM, USB, PCAR, NFG, WDFC
Related symbols: JPM, USB, PCAR, NFG, WDFC
Daily Dividend Report: AMAT, MON, DFT, SJT, MTN
Related symbols: AMAT, MON, DFT, STJ, MTN
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Daily Market Wrap: October 19, 2012
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