Instead of selling off stocks in a panic, investors mostly sat on their hands watching Congress battle. The market is telling us it doesn't believe we're truly going to default. Somehow, there will be a decision. RIMM fell 4.4%, after the company announced it was laying off 11% of its workforce. Netflix tanked 7.6% after the bell, when the video rental company missed analysts' estimates. Texas Instruments beat estimates and rose 0.4% after the bell.
Tuesday, July 26, 2011
Showing weakness
Instead of selling off stocks in a panic, investors mostly sat on their hands watching Congress battle. The market is telling us it doesn't believe we're truly going to default. Somehow, there will be a decision. RIMM fell 4.4%, after the company announced it was laying off 11% of its workforce. Netflix tanked 7.6% after the bell, when the video rental company missed analysts' estimates. Texas Instruments beat estimates and rose 0.4% after the bell.
