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Daily Wrap: 10/18/12
Thursday, October 18, 5:15 PM ET

U.S. fell Thursday afternoon after Google (NASDAQ:GOOG) posted weaker than expected results, and due to mixed economic data.

Shares of Travelers (NYSE:TRV) were higher after the company reported that net income more than doubled.

Verizon (NYSE:VZ) was higher after the company posted earnings that met expectations.

IBM (NYSE:IBM) shares continued to sell off today after the company reported lower sales on Tuesday.

The Labor Department announced that initial jobless claims climbed by 46,000 to 388,000 last week, higher than the 360,000 that economists had expected.

The Chinese government announced that economic growth slowed to its lowest level since early 2009, with the economy growing by 7.4% annually in the third quarter.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

Daily Wrap: 10/18/12 picture
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Daily Wrap: 10/18/12 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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