The S&P 500 fell to its lowest level since late July last week, due to vagueness over US budget plans and an increase of aggression in the Middle East.
The S&P 500 ended below its 200-day moving average subsequently in last week, a technical gauge that suggests new turn downs are gaining energy. It was the standard S&P 500′s lowest close since July 25.
After the Israeli aggressive on Gaza, Industrial shares headed the slump, pulled lower in fraction by a 1 percent spine in crude prices. The S&P industrial sector index fell 2.5 percent. Wall Street had unlocked elevated after Dow section Cisco Systems Inc reported first-quarter earnings and revenue that beat anticipations, moving its stock up 4.8 percent to $17.66.
Dell Inc. (NASDAQ:DELL)
Shares of Dell Inc. dropped to a new low as its quarterly profit declined almost half, pondered down by low demand for personal computers even as the company tries to increase into more profitable businesses. The company reported revenues of $13.7 billion in the reported quarter, which dropped 10.5% on a year-over-year basis.
Dell Inc. (NASDAQ:DELL) reported the fall of -7.33% and closed at $8.86 with the overall traded volume of 71.43 million shares. DELL has earnings per share of $1.47 and its price to earnings ratio ended at 6.01.
Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corp. (NASDAQ:MSFT) announced accessibility of cloud-based Microsoft Dynamics business solutions intended to meet the exclusive security and functionality constraints of U.S. federal government agencies.
In last trading session, Microsoft Corporation (NASDAQ:MSFT) slipped -0.52% to close at $26.52 and its total traded volume was 64.09 million shares. MSFT has market cap of 223.21 billion while its outstanding share are 8.42 billion. Its beta value stands at 0.98 times.
Hewlett-Packard Company (NYSE:HPQ)
Wall Street anticipates HP to earn $1.14 a share for the fourth quarter. This entails a 2.6 percent slump from $1.17 earned last year and 1.7 percent drop from HP’s implied predicted of $1.16 a share. Though, the agreement approximation is a 14 percent growth from $1 a share earned in the third quarter of 2012.
Hewlett-Packard Company (NYSE:HPQ) plunged -1.76% and closed at $12.85 with the total traded volume of 35.00 million shares.
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