Equities Market Roundup: Stocks Tumble as Investors Remain Uncertain

Equities Editors Desk |

Stock Market Trading FloorWall Street took another dive in mid-day trading today as major U.S. stock indices are down as much as 1 percent. Weak economic data continue to raise questions on whether or not the market is still in recovery mode or could another dip be on the horizon. The Dow Jones Industrial Average is down over 100 points. New housing data revealed that there is continued weakness in the sector and a recovery may be further off than investors had hoped. Another major catalyst for today's sell-off comes from Hewlett Packard (NYSE: HPQ) cutting its forecast for the second quarter and full-year. Shares of HP dropped over 8 percent. Gold and oil prices have also continued to slide as the U.S. dollar strengthens.



Major U.S. Stock Indices

DJIA: 12,407.75 (-1.11 percent)
S&P 500: 1,321.85 (-0.57 percent)
NASDAQ: 2,767.11 (-0.55 percent)
Russell 2000: 819.53 (-0.41 percent)

In other news:

  • What is happening with the euro rescue now that IMF chief Dominique Strauss-Kahn is tied up in his own sex scandal? [Economist]
  • LinkedIn (NYSE: LNKD) is raising its IPO price by 30 percent from the $32 to $35 range to the $42 to $45 range. The increase adds an extra $1 billion to the company's market value. [WSJ]
  • Goldman Sachs (NYSE: GS) ain't what it used to be, or maybe that's just what they want you to think. [NY Times]
  • Want to see what Big Money is buying? Here are 10 stocks hedge fund SAC Capital--run by Steven Cohen--is buying. [The Street]
  • With the U.S. hitting its debt limit yesterday, why is Congress still so slow in dealing with the nation's budget and deficit spending? [Bloomberg]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
EAE Entergy Arkansas Inc. First Mortgage Bonds 4.75% S 25.10 0.07 0.26 1,026 Trade

Comments

Emerging Growth

Digital Power Corporation

Digital Power Corp is engaged in the design, manufacture and sale of switching power supplies and converters. The Company has two reportable geographic segments - North America and Europe.

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.