Apparently in 2012, the stock market can also go down. After a torrid start to the year, the markets posted a slight drop over the past week. In the U.S., investors cheered some better-than-expected economic data, including another drop in initial unemployment claims. However, by week's end, most eyes were fixed on the situation in Greece, where riots rocked the capital as the prime minister pushed another round of austerity measures aimed at securing the next slug of bailout funding. If Greece doesn't meet the demands of other eurozone leaders, the country may be left to default next month, when its bonds come due.
By the time the dust had settled, the Dow Jones Industrial Average
The 3 Worst-Performing Sectors
Russell 3000 Sector
Weekly Price Change
Month-to-Date Price Change
Source: S&P Capital IQ. Weekly price change is Feb. 3-Feb. 10. Monthly price change is Jan. 31-Feb. 10.
Sometimes you feel like a nut, and, well, sometimes you feel like you just got hit by a walnut-shaped sledgehammer. For snack-food slinger Diamond Foods
Meanwhile, though Roomba maker iRobot
The 3 Worst-Performing Russell 3000 Companies
Weekly Price Change
Source: S&P Capital IQ. Weekly price change is Feb. 3-Feb. 10. Includes only companies with market caps of $250 million or more.
Also among the week's worst performers were OPNET Technologies
Meanwhile, True Religion was looking anything but fashionable as its fourth-quarter EPS missed analysts' estimates by a hefty $0.09 even though the company saw strong growth from its brick-and-mortar stores. The company's guidance, however, was even uglier. At the midpoint of its EPS range, management is projecting 2% growth for 2012. On its own that's nothing to cheer, but when you add that management's view was nearly 20% below Wall Street's, well, that's just abysmal. By the time investors had finished with their alterations on Friday, the stock had a 27% loss for the week.
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