Dow Sinks 150, Nasdaq Down 60
Tweet
Share
E-mail
The Dow is down 150 points, the Nasdaq is down 60 and the S&P 500 is down 22 points.
Merrill Lynch (NYSE: MER) is leading the financials lowers (-3%). Merrill Lynch is off nearly 6% mid-day following its earnings report, which included a $7.9 billion write-down. S&P lowered its credit rating on Merrill with a negative outlook.
Tech stocks on the Nasdaq are weak as Amazon.com (Nasdaq: AMZN) (-17%) and Broadcom Corp. (Nasdaq: BRCM) (-18%) see post-earnings sell-offs. Profit-takers are also being seen in Google (Nasdaq: GOOG) -2.3%, Apple Inc. (Nasdaq: AAPL) -3%, Baidu.com, Inc. (Nasdaq: BIDU) -5.8% and Research In Motion Ltd. (Nasdaq: RIMM) -4%, among others.
Merrill Lynch (NYSE: MER) is leading the financials lowers (-3%). Merrill Lynch is off nearly 6% mid-day following its earnings report, which included a $7.9 billion write-down. S&P lowered its credit rating on Merrill with a negative outlook.
Tech stocks on the Nasdaq are weak as Amazon.com (Nasdaq: AMZN) (-17%) and Broadcom Corp. (Nasdaq: BRCM) (-18%) see post-earnings sell-offs. Profit-takers are also being seen in Google (Nasdaq: GOOG) -2.3%, Apple Inc. (Nasdaq: AAPL) -3%, Baidu.com, Inc. (Nasdaq: BIDU) -5.8% and Research In Motion Ltd. (Nasdaq: RIMM) -4%, among others.
You May Also Be Interested In
- Selloff in this Asian consumer stock is overdone: Morgan Stanley
- 5 reasons why you should buy the earnings dip in this retailer's stock
- AI infastructure stocks: Snowflake (SNOW) and MongoDB (MDB) earnings preview
Create E-mail Alert Related Categories
Insiders' BlogSign 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!
