U.S. bonds are reduce during mid-day, descending for a second day
following unsatisfactory gain from 3 Dow component
companies, among others. A somewhat larger-than-expected dump in
existing home sales also harm investment view a little,
sending a vital averages to their lowest levels of a morning.
All 10 attention sectors in a SP 500 are in a red, led by
declines among shares of materials and record companies.
Utility bonds are a best relations performers, trade just
underwater as a organisation today. Commodities are mostly lower.
Shares of fast-food grill sequence McDonalds Corp ( MCD ) are down over 3%
and relocating closer to year low levels today, a steepest decline
among a 30 components of a Dow Jones Industrial Index, after
reporting weaker-than-expected Q3 profits. Per-share gain were
$1.43 a share, including $0.08 a share of disastrous banking impact.
The Street was during $1.47.
Also weighing is General Electric ( GE ), descending about 2.8%
from nearish to year highs, after blank both income and
per-share gain expectations.
Microsoft ( MSFT
) is down about nearby 3% after stating practiced mercantile Q1 profit
of $0.53 a share on income of $16 billion. Analysts surveyed by
FactSet had foresee Microsoft to acquire $0.56 a share on $16.5
billion in sales. It also deferred $1.36 billion in income for its
Office program offer and Windows 8 pre-sales and upgrades. missed
on a bottom line though kick income esimates.
Overseas, European Union leaders in Brussels concluded late
yesterday to settle a eurozone-wide banking administrator starting
in 2013 who would assistance forestall destiny banking failures in the
region. Meanwhile, a assembly between a leaders will continue to
Existing home sales slowed 1.7% final month to a seasonally
adjusted 4.75 million annualized pace, according to new data
released this morning by a National Association of Realtors.
Economists polled by MarketWatch were awaiting a 4.8 million rate
for September. Home prices continued their rise, however, as
inventories declined, descending 3.3% to 2.32 million units.
Commodities are mostly lower. Crude oil for Nov smoothness is
down 52 cents during $91.58 a barrel. Nov healthy gas is adult 4
cents during $3.63 per 1 million BTU. Dec bullion is down $26.30, or
over 1.5%, during $1,718.40 an unit while Dec china is down 85
cents during $32.02 an ounce. Dec copper is down 9 cents during $3.65
Among appetite ETFs, a US Oil Fund is down nearby 2% while a US
Natural Gas Fund is adult 1.5%. Among precious-metal funds, a Market
Vectors Gold Miners ETF is down 58 cents during $50.94 and a SPDR
Gold Shares ETF is now down some-more than 1% to around $166.60. The
iShares Silver Trust is down some-more than 2% during only over $31.
Here’s where a markets stood during mid-day:
NYSE Composite Index down 86.46 (-1.02%) to 8,356.36
Dow Jones Industrial Average down 152.30 (-1.12%) to
SP 500 down 17.26 (-1.18%) to 1,440.08
Nasdaq Composite Index down 52.67 (-1.71%) to 3,020.20
Nikkei 225 Index adult 0.22%
Hang Seng Index adult 0.15%
Shanghai China Composite Index down 0.16%
FTSE 100 Index down 0.35%
NYSE SECTOR INDICES
NYSE Energy Sector Index down 0.86% to 12,999.06
NYSE Financial Sector Index down 1.16% to 4,909.91
NYSE Healthcare Sector Index down 0.75% to 8,060.25
(+) AONE, (+57.3%) Settles with Johnson Controls.
(+) RVBD, (+14%) Issues Q4 superintendence In line with
(+) CALL, (+10%) Beats Q3 gain estimates.
(-) CBLI, (-23.8%) Selling batch and warrants in Offering.
(-) CMG, (-14.9%, strike year lows) Misses on Q3; Weak FY13
(-) MRVL, (-14.1%, strike year lows) Lowers Q3 income outlook
below estimates; CFO departs.
(-) ATHN, (-9.9%) Q3 beats on EPS though misses on revenues.
Article source: http://community.nasdaq.com/News/2012-10/midday-update-stocks-tumble-for-a-second-day-led-by-material-technology-shares.aspx?storyid=183096