Mixed Ends for Wall Street, Tech Stocks Drop (NFLX, CAT)

Corporations in the tech industry like Apple (AAPL) and Netflix (NFLX) dragged down US stocks on Wednesday. Both Ford Motor Co. (F) and Radioshack (RSH) noted large losses for the second quarter as well. The S&P 500 and Nasdaq saw declines while the Dow was finally lifted. Positive earnings came from Boeing (BA) and Caterpillar (CAT), who saw increases in their second-quarter revenues.
Economic outlook continues to darken as the German construction sector declined and Italian and Spanish bond yields surged.
US home sales were reported to have a large drop in June. The euro rose against the dollar for the first time in 6 days but the outcome remains weak after hitting a two-year low on Tuesday.

Word on the Street

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Published on Jul 25, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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