Business

Investors sold off to send the markets down to a modestly lower close with the Dow losing 14 points to 10,318 over disappointing corporate earnings. Nasdaq fell 10 points to 2146.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5130657 for the full story.

Standard & Poor’s describes the Midcap 400 Index (pdf) as “the most widely used index for mid-sized companies” ranging in market capitalization from $1 billion to $4.5 billion. S&P must have drafted that specification in better markets.  Now, more than 1 in 8 Midcap 400 constituents have a market capitalization below $500 million, and many are [...]

Monday:
Economic Existing Home Sales (4.94M)
Earnings China Netcom (CN), CPI Corp (CPY)

Tuesday:
Economic Consumer Confidence (53.0), New Home Sales (525,000), FOMC Minutes
Earnings American Eagle Outfitters (AEO), Big Lots (BIG), Borders Group (BGP), Daktronics (DAKT), Dycom (DY), J Crew Group (JCG), Rio Tinto (RTP)

Wednesday:
Economic Weekly Crude, Durable Goods Orders (0.1%)
Earnings Dollar Tree (DLTR), Fuelcell Energy (FCEL), Jo-Ann Stores (JAS), Mens Wearhouse (MW), Talbots (TLB), Tivo (TIVO)

Thursday:
Economic Weekly Claims (427K), GDP (2.7%)
Earnings Aruba Networks (ARUN), Del Monte Foods (DLM), Dell (DELL), Dollar Financial (DLLR), Freds (FRED), Gnensco (GCO), Gerber Scientific (GRB), Kirklands (KIRK), Marvell Tech (MRVL), Novell (NOVL), Petsmart (PETS), Sears (S), Tiffany & Co (TIF), Williams Sonoma (WSM), Wind River Systems (WIND)

Friday:
Economic Personal Income and Outlays (-0.1%), NAPM-Chicago (49.8), Consumer Sentiment (62.0)