Stocks endured a third straight day of heavy selling, as investors dumped financial stocks with renewed vigor. Oil surged above $108 per barrel, another record high, and the dollar continued its downward spiral.
The Dow lost -153.54, the Nasdaq Composite -43.15, and the S&P 500 -20.00.
Here are 7 stocks to watch
Bear Stearns (NYSE:BSC) plunged more than 11%, its largest fall since the '87 crash, on liquidity concerns. BSC's Short Term PowerRating is 6.
Blackstone Group (NYSE:BX) reported an 89% decline in Q4 profit, but its shares rose nearly 3%.
Texas Instruments (NYSE:TXN) cut its Q1 revenue and profit forecasts. TXN's Short Term PowerRating is 4.
WellPoint (NYSE:WLP) lowered Q1 and full-year guidance. WLP's Short Term PowerRating is 5.
After the close, homebuilder Hovnanian Enterprises (NYSE:HOV) missed earnings estimates by -$0.11. HOV's Short Term PowerRating is 5.
And before the market open, Kroger (NYSE:KR) is expected to report earnings of $0.47. KR's Short Term PowerRating is 4.
McDonald's (NYSE:MCD) reported an 11.7% rise in same store sales for the month and an 8.6% rise year-to-date. MCD's Short Term PowerRating is 5.
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