Stocks ended in the red, after investors were disappointed by European Central Bank president Mario Draghi's failure to announce concrete plans to help solve Europe's debt crisis. Jobless claims rose 8,000 to 365,000 in the latest week, in line with economists' expectations. Planned job cuts fell 45% in July to a 15-month low, according to outplacement firm Challenger, Gray & Christmas. Also, factory orders fell 0.5% in June, while analysts were expecting orders to rise 0.6% during the month. Tech stocks followed the broader market. Facebook lost 4.0%, hitting a record low for the third straight day. Apple was up 0.16% after IDC reported that the company shipped a record 17 million iPads in the second quarter, expanding its share of the fast-growing tablet market. Also, Apple remained the No. 1 tablet vendor, with 68% of roughly 25 million units shipped in the quarter, followed by Samsung with 10% and Amazon.com Inc. with 5%. LinkedIn jumped more than 3% in after-hours trading after the company posted stronger-than-expected revenue and raised its full-year outlook. Implied volatility inched lower on moderate trading volumes.
