Seems Goldman Sachs has some skeletons in the closet (in the form of unreported losses maybe) as Wall Street's own analysts didn't see that one coming dropping 8 pts after reaching a 52 week high yesterday.
Only 37 companies made 50-day new highs which one tenth of the 300 from yesterday.
Still there were notable standouts such as:
Aerospace & Defense with LMT up 1.46%.
Dow component IBM up 5 pts after a positive forward guidance after earnings.
Mostly it was a sea of red starting with:
AAPL, despite record earnings and positive guidance, the stock initially at 350 in the morning, closed near the lows down 1.81 to 338.
GOOG dropped almost 8 points after touching a 52 week high of 642 intraday. Earnings report after the bell Thur afternoon.
PCLN also dropped 8 pts closing at 432.
AMZN dropped 4 pts to 186.
Coal stocks got hammered 5-7% continuing their declines from last Fri. PCX, ANR, and WLT got smashed.
Is there any good news? We'll find out after the bell late Thur.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment