Basic Materials Sector Wrap
During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
Utilities Sector Wrap
The Utilities sector (XLU) held steady on a trading day that saw S&P 500 drop 0.7%.
TD Ameritrade, E*Trade, Vanguard Steer Clear of Knight Trading
TD Ameritrade Holding Corp. (AMTD), E*Trade Financial Corp. (ETFC) and Vanguard Group Inc. are among the financial institutions that have stopped trading with Knight Capital Group Inc. (KCG) one day after a glitch cost the company $440 million and raised fresh questions about the reliability of
Activision Blizzard 2Q Net Down Nearly 45%; Boosts Outlook for Year
Activision Blizzard Inc. (ATVI) said its net income fell nearly 45% in the second quarter, but the game maker increased its full-year outlook based on strong expected sales of its coming titles for the holiday-shopping season.
Pitney Bowes 2nd-Quarter Net Edges Down on Continued Top-Line Decline
Pitney Bowes Inc.'s (PBI) second-quarter profit edged down 1.3% as the mail and document services company continued to see lower revenue in both of its major business segments.
Consumer Cyclical Sector Wrap
The Consumer Cyclical sector (XLY) held steady on a trading day that saw S&P 500 drop 0.7%.
Capital Goods Sector Wrap
During trading today, the S&P 500 dropped 0.7%, and the Capital Goods sector (XLI) showed little change.
Kraft 2nd-Quarter Profit Up 5.4% as Margins Improve
Kraft Food Inc.'s (KFT) second-quarter earnings increased 5.4% as the packaged-food giant's margins improved, despite a surprise drop in revenue.
Services Sector Wrap
During trading today, the S&P 500 dropped 0.7%, and the Services sector (IYC) showed little change.
Health Care Sector Wrap
The Health Care sector (XLV) showed little movement on a trading day that saw S&P 500 fall 0.7%.