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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PowerRating) plunged nearly 9% after the company reported earnings that missed estimates and disappointed investors.
Shares of Texas Instruments
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PowerRating) fell nearly 6% after the company issued a weaker-than-expected second quarter forecast.
DuPont
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PowerRating) 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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PowerRating) missed earnings estimates by $0.02 and lowered its outlook. UNH shares dropped more than 10%.
McDonald’s
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PowerRating) and AT&T
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PowerRating) were among the few stocks to withstand the selling, closing virtually flat after reporting earnings.
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