This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Plunge on Black Monday's 25-Year Anniversary

In other corporate news, Athenahealth ( ATHN) shares slumped 8.4% after the business services company reported third-quarter earnings and revenue that missed forecasts. Jefferies cut the stock to underperform from hold.

Chipotle Mexican Grill (CMG - Get Report), the restaurant operator, reported Thursday below-consensus third-quarter results and said it sees flat to low single-digit same-store sales in 2013. Shares lost15%.

Chipmaker Advanced Micro Devices (AMD) reported a deep third-quarter loss on Thursday, said it plans to cut 15% of its work force, and forecast a sequential decrease in revenue of 9% or so for the fourth quarter. The stock gave back nearly 17%.

Oilfield services company Baker Hughes ( BHI ) reported below-consensus earnings and sales. Shares shed 5%.

Shares of Honeywell (HON) gained 1.7% after the diversified technology and manufacturing company beat on the bottom line and missed on the top line.




--Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ATHN $127.18 0.00%
CMG $683.95 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs