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Daily Market Wrap: May 8, 2012 Tuesday, May 8, 5:13 PM ET New concerns over the ongoing debt crisis in Greece sent U.S. markets sharply lower today, with the Dow Jones Industrial Average sinking below 13,000.
On the earnings front, Wendy's (WEN) missed earnings expectations for its first quarter, due to rising costs and also cut its forecast for the year.
Meanwhile, shares of fast food giant McDonalds (MCD) are trading lower, after the company posted same store sales for April that missed expectations.
Among banks, HSBC (HBC) posted first quarter profits that beat expectations, thanks in part to increased income at its securities unit.
First Bank (FNLC) reported a narrower loss for its first quarter, sending shares higher today.
Discovery Communications (DISCA) posted earnings which missed expectations, as the company was negatively impacted by losses at the Oprah Winfrey Network.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from AOL (AOL) and Macy's (M).
For Marketnewsvideo.com, I'm Sayoko Murase. | |
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