More weak reports could be the symptom of a bigger problem.
The firm also downgrades AMD, Intel and Marvell.
Middle-class consumers should be heartened by the luxury retailer's results.
Traders are taking a wait-and-see approach ahead of Bernanke's speech Friday and the ECB chief's address Saturday. Apple surges on a court victory in a patent battle with Samsung.
Tiffany, Ford and Nike are among iMedia's list of advertisers successfully leveraging Facebook's Instagram.
Tiffany and Blue Nile also drop as investors expect luxury retailers to sag. Meanwhile, budget sellers like Target and Wal-Mart are having a strong year.
Caterpillar is downgraded to 'hold,' while Vivus is upgraded to 'hold.'
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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