Oil, Earnings Put Pressure on Stocks

Stocks fell amid disappointing earnings, record oil prices and another record low for the U.S. dollar versus the euro.

The Dow lost-104.71, the Nasdaq Composite -31.10, and the S&P 500 -12.22.

CME Group
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plunged nearly 9% after the company reported earnings that missed estimates and disappointed investors.

Shares of Texas Instruments
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fell nearly 6% after the company issued a weaker-than-expected second quarter forecast.

DuPont
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reported earnings that beat estimates by $0.03 and issued guidance in-line, however, DD shares declined more than 4%.

UnitedHealth Group
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missed earnings estimates by $0.02 and lowered its outlook. UNH shares dropped more than 10%.

McDonald’s
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and AT&T
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were among the few stocks to withstand the selling, closing virtually flat after reporting earnings.

Market Snapshot

Dow

-104.71 12720.31

NASDAQ

-31.10 2376.94

S&P 500

-12.22 1375.95

Economic
News

Existing Home Sales (Mar): Actual 4.93M, Consensus 4.92M