Stocks sold off again on Wednesday with disappointing revenues from Morgan Stanley providing a negative tone early in the session.
The Dow lost 131.24. The Nasdaq Composite closed down 28.02. And the S&P 500 ended the day with a loss of 13.15
Here are 7 Stocks You Need to Know for Thursday
Carnival Cruise Lines ( CCL | Quote | Chart | News | PowerRating) is scheduled to report earnings Thursday morning before the market opens. Analysts are expecting EPS of $0.42.
Analyst reports from both Citigroup and Deutsche Bank AG suggesting that gasoline prices are making it difficult for American automakers to move their inventories of SUVs and oversized pickup trucks sent shares of General Motors ( GM | Quote | Chart | News | PowerRating) and Ford ( F | Quote | Chart | News | PowerRating) lower on Wednesday.
Scheduled to report earnings Thursday before the bell, Circuit City ( CC | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $-1.05.
As we noted Wednesday morning in our pre-market e-newsletter Morning Coffee with Trading Markets, Pfizer ( PFE | Quote | Chart | News | PowerRating) won a concession from the Indian pharmaceutical company, Ranbaxy Laboratories, to delay the release of a generic version of Pfizer's anti-cholesterol drug, Lipitor for an additional 20 months.
The Government Accountability Office ruled on Wednesday that Boeing ( BA | Quote | Chart | News | PowerRating) should be allowed to bid again for a major, $35 billion Air Force contract previously granted to rival Northrop Grumman ( NOC | Quote | Chart | News | PowerRating).
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