Equities Mid-Day Stock Market Roundup: Stocks Down

Equities Editors Desk |

Japan Nuclear Crisis ChernobylU.S. stocks are trading down today, after news that the Japanese nuclear crisis had surpassed that of the Chernobyl disaster of 1986. The nuclear plant in Fukushima had been crippled since the 8.8 earthquake and tsunami but there had been hope earlier that the fallout could be contained. In addition, aluminum giant Alcoa (NYSE: AA) also reported a disappointing quarter that failed to meet revenue expectations from Wall Street. This wasn't not the start to earnings season that investors had been hoping for. Wall Street will now wait to see if other major companies like JP Morgan (NYSE: JPM), Bank of America (NYSE: BAC) and Google (NASDAQ: GOOG) can impress investors with their quarterly announcements later this week. Goldman Sachs (NYSE: GS) cause quite a stir this morning as the financial firm said it expects a significant pullback in oil prices, leading to a 3 percent drop to $106 a barrel.

Major U.S. Indices

Dow: 12,262.18 (- 0.96 percent)
S&P 500: 1,313.53 (-0.82 percent)
Nasdaq: 2,746.83 (-0.89 percent)
Russell 2000: 823.34 (-1.26 percent)

In other news:

  • The proposed AT&T (NYSE: ATT) and T-Mobile mergers have, as expected, raised a few questions with the FCC. [Bloomberg]
  • Congress outlines its $39 billion in budget cuts, with the EPA and high-speed rail taking the brunt of the slashing. The nation's defense budget somehow would get a $5 billion increase. [WSJ]
  • More on Alcoa's latest quarter. Profits were up and beat estimates, but revenue and outlook for aluminum demand are a concern. [Reuters]
  • 10 stocks that investors are bearish on. Not too many surprises here. [The Street]
  • France and Britain wants NATO to escalate its operation in Libya. NATO incredulously looks on. [NY Times]

Check back for more news.

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
XRA Exeter Resource Corporation (Canada) 1.25 0.00 0.00 0

Comments

Emerging Growth

International Western Petroleum Inc

International Western Petroleum Inc is an exploration-stage oil and natural gas company. The Company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties in…

Private Markets

Ozobot by Evollve Inc

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

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.