Another Tequila Weekend for Investors after Wild Week on Wall Street
Tweet
Share
E-mail
Get Alerts KO Hot Sheet
Join SI Premium – FREE
Markets are wrapping up a chaotic week on Wall Street. To recap, markets began the week lower after the you-know-what hit the fan in Europe.
Monday
On Monday morning, yields on Spanish 10-yr debt had a blow out, trading above 7.5. As result, equity markets in the U.S. opened significantly lower.
Coca-Cola (NYSE: KO) reported inline, Halliburton beat (NYSE: HAL), and McDonald's (NYSE: MCD) missed.
Late in the afternoon, Moody's downgraded its outlook on German debt.
After-hours on Monday, Baidu.com (Nasdaq: BIDU) beat. Texas Instruments (Nasdaq: TXN) also beat. VMware (NYSE: VMW) beat.
Tuesday Morning
On Tuesday, things started off solid after overnight data showed China manufacturing showed a slight turnaround. But markets quickly deteriorated due to fears out of Europe.
On the earnings front, AT&T (NYSE: T) beat and UPS (NYSE: UPS) missed.
The S&P 500 traded significantly lower going into the close, when an unusual report hit the wire. The report came out of the WSJ and cited a secretive Fed source. Guess what? Fed action may come as early as next week. Markets rallied back.
On Tuesday evening, Apple (Nasdaq: AAPL) reported earnings . . . pause . . . MISS. Shares tanked.
Shares of Netlix (Nasdaq: NFLX) were slaughtered following earnings.
Wednesday
On Wednesday the S&P moved higher. Radio Shack (NYSE: RSH) got killed. Boeing (NYSE: BA) and Caterpillar (NYSE: CAT) beat. Markets were choppy going into the close.
After-hours on Thursday, Zynga (Nasdaq: ZNGA) stock was murdered, trading down 40 percent.
Whole Foods (Nasdaq: WFM) reported solid earnings, and Visa (NYSE: V) beat.
Thursday
On Thursday Markets opened significantly higher following comments from ECB’s Mario Draghi. 3M (NYSE: MMM) beat earnings, barely. Barrick Gold (NYSE: ABX) missed. Dow (NYSE: DOW) missed. Durable goods orders came in higher than expected.
After-hours, everyone was watching shares of Facebook (Nasdaq: FB), looking for a reason to sell. They got their wish, and shares traded lower by 10 percent.
Investors were also unhappy with Amazon (Nasdaq; AMZN) and Starbucks (Nasdaq: SBUX) earnings. Shares of Amazon later recovered. Starbucks did not.
Friday
On Friday, U.S. GDP and Consumer Confidence came in slightly higher than expected. Traders were spotted leaving the office early, and bottles of Tequila sold like hotcakes.
Monday
On Monday morning, yields on Spanish 10-yr debt had a blow out, trading above 7.5. As result, equity markets in the U.S. opened significantly lower.
Coca-Cola (NYSE: KO) reported inline, Halliburton beat (NYSE: HAL), and McDonald's (NYSE: MCD) missed.
Late in the afternoon, Moody's downgraded its outlook on German debt.
After-hours on Monday, Baidu.com (Nasdaq: BIDU) beat. Texas Instruments (Nasdaq: TXN) also beat. VMware (NYSE: VMW) beat.
Tuesday Morning
On Tuesday, things started off solid after overnight data showed China manufacturing showed a slight turnaround. But markets quickly deteriorated due to fears out of Europe.
On the earnings front, AT&T (NYSE: T) beat and UPS (NYSE: UPS) missed.
The S&P 500 traded significantly lower going into the close, when an unusual report hit the wire. The report came out of the WSJ and cited a secretive Fed source. Guess what? Fed action may come as early as next week. Markets rallied back.
On Tuesday evening, Apple (Nasdaq: AAPL) reported earnings . . . pause . . . MISS. Shares tanked.
Shares of Netlix (Nasdaq: NFLX) were slaughtered following earnings.
Wednesday
On Wednesday the S&P moved higher. Radio Shack (NYSE: RSH) got killed. Boeing (NYSE: BA) and Caterpillar (NYSE: CAT) beat. Markets were choppy going into the close.
After-hours on Thursday, Zynga (Nasdaq: ZNGA) stock was murdered, trading down 40 percent.
Whole Foods (Nasdaq: WFM) reported solid earnings, and Visa (NYSE: V) beat.
Thursday
On Thursday Markets opened significantly higher following comments from ECB’s Mario Draghi. 3M (NYSE: MMM) beat earnings, barely. Barrick Gold (NYSE: ABX) missed. Dow (NYSE: DOW) missed. Durable goods orders came in higher than expected.
After-hours, everyone was watching shares of Facebook (Nasdaq: FB), looking for a reason to sell. They got their wish, and shares traded lower by 10 percent.
Investors were also unhappy with Amazon (Nasdaq; AMZN) and Starbucks (Nasdaq: SBUX) earnings. Shares of Amazon later recovered. Starbucks did not.
Friday
On Friday, U.S. GDP and Consumer Confidence came in slightly higher than expected. Traders were spotted leaving the office early, and bottles of Tequila sold like hotcakes.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Lowe's (LOW) PT Lowered to $275 at Guggenheim
- BMO starts chip stocks coverage: Here are its preferred picks
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Standard & Poor's, Durable Goods Orders, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
