Stocks End Lower After Early Gains – Yahoo Finance
Our researchLAB market scanner also shows former high fliers such as 3-D printers and loan-servicing companies own sharply, along with transports and casinos. Coal miners, metals producers, specialty retailers and funeral-home operators have been among the strongest groups. While most economic reports for the United States have beaten expectations recently, Europe has been weakening — partially on its own accord and partially because of geopolitical tensions with Russia and debt problems in Portugal. Argentine default worries have also hammered many of the region’s banks.
Stocks close down as investors weigh earnings – LA Times
Betty Liu reports on In The Loop. (Source: Bloomberg) Aug. 7 (Bloomberg) — Big business leaders weigh in on the tax inversion debate. Betty Liu reports on In The Loop. (Source: Bloomberg) Caption The Top Ten Stocks for Thursday, Aug. 7 Aug. 7 (Bloomberg) — Bloomberg’s Betty Liu, Julie Hyman and Olivia Sterns report on today’s ten most important stocks on In The Loop. (Source: Bloomberg) Aug.
Premarkets: 6 things to know before the open – Aug. 7, 2014
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Stocks: Another down day on Wall Street – Aug. 7, 2014
Wendy’s ( WEN ) was up less than 2% after its results showed that sales were good but profits that weren’t quite what Wall Street wanted. Both companies reported same-store sales growth, a sign that more people are coming into their stores. At Jack in the Box, Qdoba sales grew three times faster than the rest of the company. Related: Which fast food chains have the unhealthiest combos? 2) Adidas reports big drop in golf sales: Global sportswear giant Adidas ( ADDDF ) reported quarterly results that fell just short of analyst estimates, with better sales numbers overall, but shrinking profits and margins.
The escalating trade war threatens Europe’s fragile economic recovery and is hurting some companies . Germany has canceled an export license for a big Rheinmetall contract with Russia. The European Central Bank is highly unlikely to announce new measures to stimulate the economy at Thursday’s meeting but may issue more words of comfort. “ECB President Mario Draghi is likely to recognize the current challenges from geopolitics, banking reform, and weak growth and if he doesn’t make further dovish noises, we’ll all be surprised,” said Kit Juckes, a market strategist at Societe Generale.