Stocks fall on mixed earnings, housing data
Filed under: Investing, Earnings, Apple
Investors shrugged off Apple's (AAPL) blowout quarterly results to focus on a slew of mostly mixed earnings reports and disappointing data on housing, leaving stocks broadly lower Tuesday.
At the closing bell the blue-chip Dow Jones Industrial Average ($INDU) fell 51 points, or 0.5 percent, to 10,041, while the broader S&P 500 ($INX) dropped 7 points, or 0.6 percent, to 1,091. The tech-heavy Nasdaq Composite ($COMPX) lost 13 points, or 0.6 percent, at 2,163.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.
At the closing bell the blue-chip Dow Jones Industrial Average ($INDU) fell 51 points, or 0.5 percent, to 10,041, while the broader S&P 500 ($INX) dropped 7 points, or 0.6 percent, to 1,091. The tech-heavy Nasdaq Composite ($COMPX) lost 13 points, or 0.6 percent, at 2,163.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.



























Reader Comments (Page 1 of 2)
10-20-2009 @ 5:31PM
Actionhero said...
Dear obama, I keep trying to write these puff pieces about the great job your doing, and about how the economy is rebounding, but I'm running out of material. Could you please work up another catastrophe somewhere to give me time to come up with some fresh idea's. P.S. Your last check bounced.
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10-20-2009 @ 5:43PM
Bill said...
Actionhero....love that, your right it seems aol writers have gone to great excess in attempting to convince us that "all is well" under the Great Zero, however, we know better don't we because we don't follow state run media, or fake news...it is what it is.
I love the Bush bashing also, lets blame everything, including global warning, even though the Polar bear count has gone up 5 times what is was in recent years.
But we can compare Bush' first 4 years and how he improved the economy, to The Big Zero...I don't know if you recall what it was likem in 2004....this was prior to the dems taking over the congress in 2006.....read and enjoy....don't let the libs see this, it just makes them mad...lol
Bush Follows Up Victory with Huge Job Creation
Friday, November 5, 2004 12:00 PM
Bush Boom Continues: Job creation exploding, stock market soaring, and growth is accelerating
WASHINGTON, D.C. - The United States economy created a staggering 337,000 jobs in October, the Bureau of Labor Statistics (BLS) reported today, smashing Wall Street economists' consensus projections of for a gain 175,000. October's figures are the strongest in seven months and mark the 14th straight month of solid job creation. Employment gains for August and September were also revised up by 113,000. In all, the American economy has created 450,000 jobs in the past three months and 2.3 million jobs since President Bush's tax cuts in 2003.
"The effectiveness of President Bush's tax cuts has been affirmed twice this week; first at the ballot box and now in the job market," said ATR President Grover Norquist. "By giving Americans back more of their own hard earned money, President Bush has led us through terrorist attacks, recession, corporate scandal, and war and at the same time created 2.3 million new jobs."
The U.S. economy has created an average of 200,000 jobs each month for the past 14 months. In addition to the 2.3 million jobs generated since the 2003 tax cuts, the economy is on pace to create 2.4 million more jobs in 2004, nearly matching the prediction made earlier this year by the White House Council of Economic Advisors. The unemployment rate currently stands at a historically low 5.5 percent, less than average of the 1970's, 80's and 90's.
Other economic news demonstrates the economy is booming. In the two days since the election, $300 billion of new shareholder wealth has been created. At the same time, the economy is expanding at an average quarterly rate of 4.7 percent since the 2003 tax cut was enacted. This economic expansion is by far larger than the historical average of 3.5 percent.
"President Bush's tax cuts have a proven track record of job creation and should be made permanent." continued Norquist. "President Bush and Congress should pursue further tax reform so the growth and prosperity can expand at even greater rates."
10-20-2009 @ 10:54PM
gere said...
Fantastic post.
10-20-2009 @ 6:45PM
mac8 said...
Stocks fell because they are into oil futures now, the people not all stupid like these headlines...
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10-20-2009 @ 7:32PM
Andy said...
What a charade.
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10-20-2009 @ 7:39PM
dang1067 said...
HEADLINE: "Stocks fall on mixed earnings, housing data"
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Just what kind of FVCK headline is that???? What mixed data, you ffvcking scum???? Mixed that fuel demand are sinking like rock on water??? You fvcking scvm writers, you're writers, you're fvcking speculators, pet dogs of those fvcking parasites in Wall Street and Goldman Sachs!!!! SCVMS!!!!
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10-20-2009 @ 8:37PM
tom said...
Lost your job yet? Keep voting republican and you will. Look no further than bush for this mess we are in.
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10-20-2009 @ 8:57PM
Bobk said...
See Bill's comment above - reference article from Nov 2004 - (please sober up first so you can comprehend it).
Yes, it's true - as much as you hate to admit it - it WASN'T Bush's fault.
10-20-2009 @ 10:38PM
G said...
tom said... Look no further than bush for this mess we are in.
=================
That's the real problem bro - took your own advice (which of course wasn't yours at all, it was from surrogate brain, aka the Dims ... whom you are undoubtably thankful for as it prevents need to formulate original thought)
-- Thinking is the hardest work there is, which os why so few engage in it. -- H. Ford
10-20-2009 @ 10:58PM
gere said...
I hate to burst your liberal bubble pal, but I just finished viewing PBS's Frontline program this evening concerning how in 1996 the big shots inside Clinton's White House in the Fed and at Treasury all systematically dismissed repeated warnings from a Fed regulator Ms. Brooksley Born, about the potential for economic meltdown due to the various hedge funds and bankers playing loose and free in the derivitives market and its behind the scenes wheeling and dealing with all the toxic assets it was based upon. It (the program) named names btw. The current Obama economic team of Geitner and Summners, where key players in this fiasco and were also two of the four main detractors of this, by all accounts, very bright, intelligent and observant economist that was repeatedly raising the red flags prior to the first hedge fund collapse on Wall Street. The Fed division she was in charge of had its powers of oversight over the derivitives market stripped away from it by Congress based on the direct recommendations of Fed Chairman Greenspan, treasury Secretary Rubin (Geitners boss), Clinton administration key advisor Summners, and SEC chairman Levin. She resigned in protest after being repeatedly lambasted by the various Congressional and administration groups. Six weeks after she left, the system started to crumble just as she had been predicting. She has been vindicated by events. We all have been the big losers as a result of the policies currently still in effect on Wall Street. The final analysis Frontline produced stated that we will have repeats of the recent collapse. again and again, untill it sinks in that things must change on oversight. These greedy bastards are still running things as if nothing has changed. Witness all the bonuses being meteed out to what can basically be described as greedy (bastards)speculators who are only still in business today, because we the people bailed their sorry asses out with our tax dollars. I would recommend any true non partisan concerned citizen to go to PBS's website and view the Frontline program that aired tonight. In the end, Summners and Geitner, Obama's hand picked ecomnomic advisors, should both be held suspect and have intense public scrutiny directed their way for some time to come. Neither would comment on Frontline's program about the culpability in all these shenanigans, so you can take what you want from that, in and of iytself.This information only makes my opinion that Obama, being led by the same economists that led us into the collapse we currently live under, is in my mind at least, even more less qualified to be running around attempting to intervene in and change so many American institutions that he has no knowledge of or experience in managing. This show was a red flag warning for us all. I realize that after posting these thoughts, that I will be denigrated and smeared by all the koolaid drinking faithful who are absolutely sure that their guy Obama is here to save the day. Whether he is or is not will be determined by the policies he puts forth based on these two discredited economic advisors. I have no plans on following the lemmings as they rush over the edge blindly succumbing to the questionable advice and spin we are being fed each day by the US news media. On a final note: I assert that my post here has almost 100% more credibility than anything the AOL bloggers might have to say on the subject in response, mainly because I actually named my sources and provided a way to verify my comments. This is what used to be the norm in print and TV journalism.Today it no longer seems to apply, as lawyers are the talking heads at night on the evning news broadcast and they have a cynically slick way of delivering their opinions as truth, regardless of the facts.
10-21-2009 @ 4:08AM
john in Houston said...
Amen to that!
10-21-2009 @ 4:45AM
Mike said...
To all the follow-ups to this ridiculous post...don't bother. If I've learned anything over the last year, it is that there is NO SENSE TALKING TO A LIBERAL.
10-20-2009 @ 8:39PM
phil said...
Is AOL biased or just dumb and ignorant??
Reply
10-20-2009 @ 9:42PM
JackRider said...
It's true, the American system of free market economy and capitalist democracy of late didn't work just as the Russian planned economy and communist dictatorship did not work. The american system is an open lie and the russian system was a hidden deception. Both fail when power is concentrated too narrowly. The best economic system was the mixed free market/regulated liberal/conservative system with the correct mix. Communism, Socialism, Capitalism, Corporatism, Governmentism and Unionism are not dirty words but they are competitors for power and all will fail if one of them acquires supreme power. A balanced system is difficult to institute and maintain. The saving grace is a consensus that we want to go forward and prosper. Each ism needs to understand the people's words Liberty and Justice for all or you will be extinguished. You can't make a pie with one ingredient.
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10-20-2009 @ 10:15PM
hemipwr54 said...
Every see a dog beg for a bone , just wait the Democrats are going to be begging pretty soon , 2010 they are on their way out , just a few more months and it will all be over !
Vote the dimwits out in 2010 , they have done nothing to stop the Enron effect on the market .
Gas at $80 a barrel and $2.45 at the pump and rising , not Bush's fault this time (wasn't last time either) .
Dumbacrats are at it again .
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10-21-2009 @ 1:57AM
donna said...
Vote this corrupted marxist communist wacko president and his communsit adminstration out ......2010 it is AMERICNA VICTORY ! over communist bastards, chicago tugs and corrupted domocrates in congess.
Also vote a lot of republicans out ! we must CLEAN up the corruption in Washington !
Obama is comunsits wacko - all he wants is to overturn our constitution - he wants revolution as Mas Tse Tung !
obama must be impeach ...we can not wait until 2012
he is a small minded communist wacko ..representing and working for communists smarter than he is ......
10-20-2009 @ 10:31PM
JackRider said...
If you worked you're way up to number one the next step is number zero.
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10-20-2009 @ 11:02PM
Sally's No Spin said...
AMERICA WAKE UP --- OBAMA IS HELL BENT ON TAKING AMERICA ON THE ROAD OF SOCIALISM. THE JOB LOSS FIGURE WILL BE 12-15% IN THE NEXT 2 YEARS -GOVT. CONTROL AND REGULATION WILL BE A POX ON ALL OF US. DON'T VOTE FOR COZINE, REID -THE DEMS WILL POUR LOTS OF MONEY IN - BUT YOU CAN DEFEAT FAR LEFT CANDIDATES BY VOTING NO NO AND NEVER AGAIN.
Reply
10-20-2009 @ 11:18PM
Lord Enki said...
Right Bill Bushes tax cuts are just like trickle down economics of the 80's keep dreaming Bill. It was the little cowboy from Texas and his good buddy Cheney went behind closed doors and with the help of big oil and wrote themselves a huge tax break which Big oil admitted later they did not need the tax cuts so be like the rest of the Rushes and Colter followers and keep dreaming.
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10-20-2009 @ 11:19PM
Wayne said...
Ok, I am open minded .... so what happened in 2008 when the housing market collapsed fully. It really started in 2007, so tell me ... was that Obama? Of course not. Say all you want ... the president doesn't have much to do about the banks or the mortgage industry. Lets direct are anger toward the people really involved and that are the Banks. They have been and still are screwing us. It doesn't matter if your Republican or Democrat, because to the Banks ... they don't care what side your on. If they can screw you ... they will. So lets just stop pointing fingers at Bush or Obama ... ok. Personally I think throwing the bank in the bay would be a good start.
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