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Tech Stocks Weak on Tuesday, Euro Hits a Two-Year Low (AMD, KO)

By: , dated July 10th, 2012
On Tuesday, European governments made attempts to expedite their plans to help Spanish banks, but Spanish bond yields decreased minimally. The euro fell to a two-year low against the dollar. US stocks dropped lower with Nasdaq off by 1 percent after a cautious outlook given by tech companies and reports of low sales from AMD (AMD) and cut estimates for Applied Materials (AMAT). Coca-Cola (KO) announced a two-for-one stock split that will double the company’s common stock shares to 11.2 billion. Resarch in Motion (RIMM) has re-elected its board of directors and vows to turn the company around with the release of new Blackberry devices this coming fall.

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