2011年5月17日星期二

Breaking news: US market

Home Depot Q1 EPS 50 cents vs 49 Cents Forecast

Wal-Mart Q1 EPS 98 Cents Ex-Items vs 95 Cents Forecast

HP Second-Quarter EPS $1.24 Ex-Items vs $1.21 Estimated

Industrial Production Unchanged in March, Estimates Called for Increase of 0.3%
US Housing Starts Fall More Than Expected Down 10.6%, Consensus  Called for Rise of 2.7%
The Dow slumped after a disappointing earnings forecast by Hewlett-Packard, and after worse-than-expected reports on housing and industrial production.

Stocks traded sharply lower amid worries of a global economic slowdown and mixed earnings results. HP led blue chips laggards, falling more than 8 percent. 

U.S. stocks fell sharply on Tuesday, with the S&P 500 and the Nasdaq falling below their 50-day moving average, as a negative outlook from Hewlett-Packard and weak U.S. economic data raised jitters about the state of the recovery. 

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