All posts from in,

Market News: Twenty-First Century Fox, Viacom, Keurig Green Mountain

The stock markets in the United States declined again today, which was primarily caused by the slumped in biotechnology and media equities.

Sign up for our free newsletter

Commenting on the market trends, Walter Todd, chief investment officer at Greenwood Capital Associates told Bloomberg, “It’s like panic buying and panic selling. The reactions you’re seeing in the marketplace are just very violent for companies reporting earnings, sometimes to the upside, sometimes to the downside.”

According to Bloomberg, around 85% of companies listed on the S&P 500 already reported its quarterly financial results. Seventy-five percent (75%) of those companies posted earnings that beat estimates while 50% reported better-than-expected sales.

Aside from corporate earnings, investors are also monitoring economic data to determine the time of the interest rate hike by the Federal Reserve. Today, the Department of Labor reported that...