Dow drops 200-plus points; stocks negative for July
Portugals Banco Espirito Santo said it needs to raise capital after a first-half loss and companies from Adidas AG to Lufthansa AG said unrest in Russia and Ukraine dimmed prospects for growth. Gold Stocks Agnico Eagle sank 8.1 percent to C$40.81, the most since April, to pace declines among raw-materials producers as eight of 10 industries in the S&P/TSX retreated on trading volume 42 percent higher compared with the 30-day average at this time of the day. Alamos Gold Inc. retreated 5 percent to C$9.74 and Semafo Inc. lost 2.1 percent to C$4.77 as gold futures fell 0.7 percent to $1,287.50 an ounce in New York, heading for a July decline.
Tech Stocks from Briefing.com – Yahoo Finance
Facebook Inc. fell .2 percent to $66.29 with 24,636,300 shares traded. GoPro Inc. fell 1.1 percent to $41.58 with 14,664,400 shares traded.
Most active Nasdaq-traded stocks – Yahoo News
That raised worries about the intensifying competition Whole Foods is facing. The company, based in Austin, Texas, has enjoyed growth as more Americans move to eat diets they feel are wholesome. More recently, however, it products have become more mainstream. OIL PRODUCTION WOES: Exxon Mobil fell $2.34, or 2.3 percent, to $100.90 after the energy company said that oil and gas production slipped 6 percent, disappointing analysts. Oil and gas production fell to 3.84 million barrels of oil and gas per day from 4.15 million barrels last year.
US stocks slump as earnings disappoint – Yahoo News
equities. Bittles voiced the view of the latter camp, saying that “for the past five years, Fed support has been the driving force behind higher stock prices.” Domestic data had weekly jobless claims coming in just above expectations, but the four-week moving average still put a positive spin on the labor market. The Labor Department also reported U.S. labor costs rose the most in more than five years in the second quarter, with the Employment Cost Index, or ECI, climbing 0.7 percent, the biggest jump since the third quarter of 2008. “The real news is the uptick in ECI, which is finally seeing upside pressure,” said Hogan.
A link has been sent. Done July 4, 2014 11:55 AM 0 shares Content preferences Done Synnex (SNX) reported second quarter earnings of $1.52 per share, which is better than expected and $1.34-1.38 guidance; revenues rose 33.3% year/year to $3.45 billion which is better than expected. Technology Solutions: Revenue was $3.16 billion, up 24.2% YoY. Concentrix: Revenue was $293.5 million, up from $46.7 mln YoY due largely to the recently acquired IBM CRM business. The company issued guidance for the third quarter with EPS of $1.45-1.50, which is below estimate and revenues of $3.3-3.4 billion which is higher than expected.