For the third trading day in a row, Europe's troubles are scaring investors away from the stock market and into the safety of United States Treasuries, as the 10-year yield retreated further today, dropping below the 1.4% level. The Dow Jones Industrials
Index | Gain/Loss | Gain/Loss % |
---|---|---|
Dow Jones Industrial Average | (188.75) | (1.48%) |
S&P 500 | (20.30) | (1.50%) |
Nasdaq | (34.90) | (1.21%) |
Source: Yahoo! Finance at 2:30 p.m.
Earnings recap
It has been a busy day so far, with quite a few notable earnings releases. Tonight will not disappoint, as Apple, TripAdvisor, and Netflix are reporting.
In the Dow, AT&T announced a solid second quarter with profits of $3.9 billion and EPS of $0.66, beating analyst estimates by $0.03 as the wireless division buoyed the company with record margins of 30.3%. After climbing before the markets opened, AT&T has been on steep decline, down 3.02%. DuPont narrowly beat on EPS, but full-year numbers are not looking promising, as forecasts are heading toward the bottom of the 2012 range.
Under Armour
On the flip side, Peabody Energy
Long-term thinking
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