Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

Stocks Tumble On Disappointing Earnings, Data - Forbes

Stocks end lower; Caterpillar, Microsoft disappoint - Yahoo Finance

The Dow plunged 390 points at its low. The negative economic data released Tuesday morning included orders for U.S. durable goods, which unexpectedly fell by 3.4% in December, led by a decline in demand for commercial airplanes. Home sales price growth also slowed in November , marking the 11th straight month of price deceleration, according to S&P/Case-Shiller.
Source: http://www.forbes.com/sites/laurengensler/2015/01/27/stocks-drop-sharply-on-disappointing-earnings-data/

STOCKS GET CRUSHED: Here's What You Need To Know - Yahoo Finance

After Monday's close, Dow member Microsoft also had a worse-than-expected outlook on the year ahead, with the tech giant saying that it expects to have a generally tough road ahead of it. Following this outlook, Nomura's Rick Sherlund downgraded the stock to Neutral from Buy, and Microsoft shares fell more than 9% on Tuesday. 4. And because the 30-member Dow is a price-weighted average , the losses from Caterpillar, Microsoft, United Technologies, and Proctor & Gamble alone took about 100 points off the blue-chip index. 5. On the flipside of the poor durable-goods orders for December was January's consumer-confidence measure from the Conference Board, which showed confidence is currently at its highest level since August 2007. http://www.todayhotstocks.com/
Source: http://finance.yahoo.com/news/stocks-crushed-heres-know-210014982.html

Stocks Are Getting Crushed - Yahoo Finance

The S&P 500 ( ^GSPC ) dropped 27.53 points, or 1.3 percent, to 2,029.56, with technology and industrials the leading laggards among its 10 major sectors. The Nasdaq ( ^IXIC ) shed 90.27 points, or 1.9 percent, to 4,681.50. On the New York Mercantile Exchange,gold futures for February (CEC:Commodities Exchange Centre: @GC15G) rose $12.30, or 1 percent, to close at $1,291.70 an ounce. Oil futures rose $1.08 at $46.23 a barrel.
Source: http://finance.yahoo.com/news/stocks-end-lower-caterpillar-microsoft-210930546.html

Google Finance Stocks are still taking it on the chin, though losses have eased a bit in early afternoon trading. Near 1:00 pm ET, the Dow was down 277 points, the S&P 500 was down 22 points, and the Nasdaq was down 72 points. Earlier, the Dow and Nasdaq had been down more than 2%. The big news weighing on the Dow is from Caterpillar and Microsoft. Caterpillar on Tuesday morning gave a really downbeat outlook for the global economy in 2015 as its earnings missed expectations and the company gave a revenue outlook for 2015 that was about 10% below Wall Street expectations. In early trade on Tuesday, shares of Caterpillar were down as much as 7%. Microsoft shares were also weighing on the Dow, falling more than 9% shortly after the bell after the tech giant last night gave a gloomy outlook for 2015, cutting estimates to "reflect a significantly more challenging transition ahead." Economic data on Tuesday was also disappointing, with December's durable goods orders report showing that orders fell 3.4% against expectations for an increase od 0.3%. November's report was also revised lower. The Case-Shiller report on home prices showed prices rising, but at a slower pace than a year ago, and in the Case-Shiller release, David Blitzer said, "Prospects for a home run in 2015 aren't good." Consumer confidence data , however, came in at its highest level since August 2007 and new home sales came rose 11.6% in December to an annualized pace of 481,000. More From Business Insider
Source: http://finance.yahoo.com/news/stocks-getting-crushed-144558531.html

Stocks fall sharply on poor earnings - Yahoo Finance

The news echoes a common refrain of weakening demand heard elsewhere in the sector from companies such as Seagate, KLA-Tencor, and SanDisk. Contract manufacturing company Sanmina-SCI declined last night after revenue missed estimates and guidance disappointed. Dutch consumer-electronics giant Philips also dropped 5 percent on tepid sales, and Ericsson may fall on slow business with North American telecoms. In the industrial sector, Caterpillar is down almost 6 percent after earnings and revenue lagged estimates. A strong dollar is also weighing on international giants like Pfizer and DuPont.
Source: http://finance.yahoo.com/news/stocks-retreat-poor-earnings-131236262.html

Don't be the product, buy the product!