Stocks sold off late on Wednesday, taking back the gains from yesterday's session-ending rally.
The Dow was down 166.75. The Nasdaq Composite finished the day lower 53.51. And the S&P 500 closed down 23.39.
Here are 7 Stocks You Need to Know for Thursday.
Announcing no need to raise additional capital, Deutsch Bank AG ( DB | Quote | Chart | News | PowerRating) reported that it would show a profit for the second quarter.
Falling auto sales and fears of a slowing economy helped drive steel stocks lower on Wednesday, with U.S. Steel ( X | Quote | Chart | News | PowerRating) losing more than 12%.
Trading in Nvidia ( NVDA | Quote | Chart | News | PowerRating) was halted shortly after the company announced that it would be taking a charge of $150-200 million and lowering its second quarter forecast.
Shares of Blockbuster ( BBI | Quote | Chart | News | PowerRating) gapped up at the open and closed ahead more than 5% on the news that the company was no longer interested in acquiring Circuit City ( CC | Quote | Chart | News | PowerRating). Circuit City finished lower by more than 9%.
Apollo Group ( APOL | Quote | Chart | News | PowerRating) closed up more than 18% after beating analyst estimates by eight cents.
Starbucks ( SBUX | Quote | Chart | News | PowerRating) announced plans to close 600 "underperforming" stores between now and the middle of fiscal 2009.
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