S&P 500 futures (ESU2) dropped 14.75 points to 1355.75, Dow Jones Industrial Average futures fell 139 points to 12784.00 and NASDAQ futures fell 11 points to 2614.00.
Gold futures dipped below the $1600.00 level, trading down $16.20 to $1591.10. WTI crude futures (CLU2) fell $1.17 to $87.74.
Shares of Bristol-Myers Squibb Co. (BMY) fell over 7% this morning as a patient in a Hepatitis C study had heart failure due to their subsidiary’s medication.
The K-Cup has really taken off. Green Mountain Coffee Roasters Inc. (GMCR) gained over $4.50 (+26.18%) after posting a 30% increase in income for Q3.
Knight Capital Group Inc. (KCG) fell over 50% this morning after yesterday’s algo-meltdown with damages expected to reach $440 million.
Unsurprisingly, Monster Worldwide Inc. (MWW) posted weak earnings and fell almost 20%. The global job market is not doing well.
Weight Watchers International Inc.’s (WTW) shares lost over 13% or their weight this morning as they reported an 11% fall in earnings as well as weak guidance.
In the internet startup industry, Yelp Inc. (YELP) gained 22.69%. This comes as positive news to the sector after major declines in other internet based companies such as Facebook and Groupon.
David Cornes holds a degree in economics from the University of Montana.
