A handful of disappointing quarterly earnings reports sent the markets into negative territory today, as did concerns over Spain's economy.
Chemical company DuPont (NYSE:DD) missed profit expectations and slashed its earnings forecast. The company also announced 1,500 job cuts, sending shares sharply lower today.
Also among Dow components, United Technologies (NYSE:UTX) posted higher third quarter net income and revenue, but shaved its sales forecast for the year, citing uncertainty in the global economy.
3M (NYSE:MMM) met earnings expectations but revenue fell short, sending shares lower today.
Dismal quarterly results from electronics retailer Radioshack (NYSE:RSH) are raising new concerns about the company's future. The retailer said the loss was due to weak margins in its smartphone business.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from AT&T (NYSE:T) and Boeing (NYSE:BA).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.