Market recap: An 8-day rally is history as stocks finish marginally lower. The Dow wasn't helped...


Market recap: An 8-day rally is history as stocks finish marginally lower. The Dow wasn't helped by Coca-Cola, which fell after Q2 revenue missed estimates and unit case volumes fell in Europe and North America. Shares of Tesla fell hard after Goldman said the stock's valuation was only warranted in the best case scenario. Speaking of Goldman, the firm's Q2 came in above consensus, but shares slid after a downgrade and questions were raised about the quality of the beat. Johnson & Johnson topped estimates despite pressure on device sales. Bernanke begins his testimony on Capitol Hill tomorrow.
Comments (2)
  • Amber Li
    , contributor
    Comments (27) | Send Message
     
    Risk-off sentiment still dominates no matter in the US equity market or in the Chinese market which saw an inching-up in the benchmark index in Shanghai. I found more useful information on the DZH News.
    16 Jul 2013, 09:27 PM Reply Like
  • Jessica Sun
    , contributor
    Comments (17) | Send Message
     
    Amber, does DZH News focus on the Chinese financial market?
    16 Jul 2013, 10:15 PM Reply Like
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