Home Sales Drop, RIMM Misses, Stocks Sink
Stocks dropped for the second day on a stronger dollar and a surprising decline in home sales. Gold and oil both followed the stock market lower with gold dropping below the benchmark $1000.00/oz. Much anticipated revenue figures from BlackBerry maker, Research in Motion missed second quarter estimates adding to the bearish sentiment. The DJIA sunk -41.11 to 9707.44, the Nasdaq dropped -23.81 to 2107.61 and the broad based S&P 500 gave back -10.09 to 1050.78.
Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating): Dropped 3.16% or $2.71 to $83.06/share upon missing revenue estimates falling.
Red Hat
(
RHT |
Quote |
Chart |
News |
PowerRating): Beat second quarter sales and revenue estimates sending shares higher by 12.34% or $3.07 to $27.95.
Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating): Dipped 2.72% or 54 cents to $19.29/share after Microsoft quashed buyout rumors.
American Greetings
(
AM |
Quote |
Chart |
News |
PowerRating): Soared 29.31% or $4.39 to $19.37/share upon blowing away analysts estimates for the second quarter.
Oil dropped $3.08 to $66.04, gold plummeted $15.50 to $998.90 and the fear index VIX climbed 6.22% to 24.95.
According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.
| Market Snapshot | |||||||||||||
|
| Economic News |
|||
|