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
|Dow Jones Industrial Average||(188.75)||(1.48%)|
Source: Yahoo! Finance at 2:30 p.m.
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.
On the flip side, Peabody Energy
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Joel South owns shares of no company listed above. The Motley Fool owns shares of Under Armour and Baidu. Motley Fool newsletter services have recommended buying shares of Under Armour and Baidu. Motley Fool newsletter services have also recommended creating a bear put spread position in Under Armour. The Motley Fool has a disclosure policy.
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