** US WRAP **
| ** US MARKETS ** | ||||||
| Dow -0,45%; Nasdaq -0,61%; S&P -0,81%; Soxx 0,11%; Russel2k -1,47%; DJAIG -2,09%; 10yr Bond -0,09%; 10yr Yield 4,57%; Crude future 62,91; Gold 549,35 | ||||||
| | Technology 0,09%| Healthcare -0,19%| Telecom -0,27%| ConsStaples -0,47%| Utilities -0,48%| Financials -0,57%| ConsDisc -0,65%| Industrials -0,8%| Materials -2,58%| Energy -3,67% | ||||||
** TRADING HEADLINES **
- General Motors Cuts Dividend, Executive Pay, Health Benefits for Managers
- Stocks in U.S. Drop, Led by Energy Producers; Shares of Toll Brothers Fall
- Crude Oil Slides to Four-Week Low on Speculation U.S. Inventories Jumped
- Gold Tumbles by Most Since 2004 as Oil Price Drop Eases Inflation Concerns
- Coca-Cola Earnings Fall 28 Percent on Increased Marketing to Revive Sales
- U.S. Consumer Credit Finishes 2005 With Smallest Annual Gain in 13 Years
- Protective Agrees to Buy JPMorgan Chase Insurance Units for $1.2 Billion
- New Freddie Mac Treasurer Bitsberger Says Asian Investors Are Important
** AFTER HOURS **
- Cisco (+5.5% after hours) reported earnings of $1.38b or $0.22 a share, $0.26 excluding stock option expenses (consensus $0.25). Sales rose 9% to $6.63b. Gross profit margins increased to 68%. CEO Chambers said this quarter will be strong and revenue growth will accelerate for the next two periods.
** IN PLAY TODAY **
Mortgage Applications are on the agenda at 13:00 CET. Earnings of note before the open are from Pepsico. After the close we’ll see earnings from Prudential and News Corp amongst others.