Stocks Move Lower

A choppy start to Thursday’s session sees stocks currently trading lower, with earnings news and economic data failing to provide inspiration.

Bristol-Myers Squibb
(
BMY |
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reported Q3 profit more than doubled and adjusted a number of its forecasts (read more).

Sony
(
SNE |
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returned to a profit in Q2 (read more).

Profit plunged at Motorola
(
MOT |
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but the company issued an upbeat outlook (read more).

Comcast
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CMCSA |
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reported a 54% drop in Q3 profit (read more).

Dow Chemical
(
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cited changes in German tax laws for falling third quarter profit (read more).

Market Snapshot

Dow

-24.14 13651.11

NASDAQ

-21.09 2753.67

S&P 500

-4.04 1511.84

  NYSE NASDAQ

Volume

714,564,780 1,414,175,925

Up Volume

316,314,420 400,307,364

Down Volume

391,551,660 971,160,255

Advances

1379 1147

Declines

1779 1668

New Highs

115 91

New Lows

80 113

Strongest/Weakest Industry Groups

Strongest Industries

% Change

Weakest Industries

% Change
Housewares & Accessories
+3.59%
Internet Software & Services
-4.11%
Data Storage Devices
+2.99%
CATV Systems
-3.87%
Business Software & Services
+2.83%
Security Software & Services
-3.68%


Economic
News

Durable Orders (Sep): Actual -1.7%, Consensus 1.5%

Initial Claims (10/20): Actual 331K, Consensus 320K

New Home Sales (Sep): Actual 770K, Consensus 775K

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