(As of 7:25 am pacific)
A long list of earnings misses
has knocked the market down this morning.
The Dow is down near triple digits after names such as Microsoft,
Chipotle, E-Trade, GE and others disappointed investors. News from Europe is mixed and a non-factor
thus far, while Asia continues to shine.
Oil is up, while metals are down.
The dollar is generally up today.
Interest rates are slowly creeping up, as generally positive economic
reports are adding upward pressure.
Existing home sales came in lower than expected and capped what had been
a series of positive real estate reports adding further downward pressure. It looks like a significantly down day is on
tap as earnings and economic data pile on.
