Stocks tumble as several corporate giants report disappointing earnings for the third quarter.
Disappointing results from 3M, DuPont and United Technologies set off broad selling. Downgrades of Spanish regions hit European stocks. Apple falls despite its new iPad. Facebook results cheer; Netflix do not. Oil falls below $87.
Clearwire is downgraded to 'neutral,' and Halliburton is initiated with an 'outperform.'
Sprint is downgraded to 'underperform,' and UPS is downgraded to 'sector perform.'
Feel free to worry away, but remember you are concerned about a subset, not the whole market.
The firm also downgrades AMD, Intel and Marvell.
Investors also await a key German court ruling Wednesday. Moody's warns it could lower its rating on the US. The US trade deficit widens. McDonald's comp sales miss expectations.
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Delivering packages will give the company, stung by shipping delays last Christmas, more control over the shopping experience.
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.
CNN Money has a list of service providers it says you're expected to tip. See if you agree with these.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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