The market sell off intensified in the last half hour of trading as eurozone concerns rule over the market again. Investors continue to be disappointed as central bank officials are not supportive of another round of QE. The latest officials to be against come from the minutes out of the Bank of England. Out of all the officials on the Monetary Policy Committee, only one supports another round of quantitative easing.
The Dow ended the day down more than 80 points, the Nasdaq fell 11 points and the S&P 500 dropped 5 points.
eBay Inc. (NASDAQ:EBAY) is up 4.04% in after hours trading at $37.32. EBAY shares are rallying in late trading as the company posts quarterly results that beat expectations. EBAY reported earnings of $0.55 per share, $0.03 higher than estimates. The company has a market cap of 46.16 billion.
Avon Products Inc. (NYSE:AVP) are up more than 1% in after hours trading at $22.21. AVP shares finished normal trading down 3.10% at $21.85 with 7.9 million shares traded. AVP shares have dropped nearly $2 a share in the past week. The company has a market cap of 9.42 billion.
Coffee Holding Co. Inc. (NASDAQ:JVA) is up 2.34% in after hours trading at $9.20. JVA traded nearly 400 thousand shares in regular trading today as it closed 1% lower at $9. The company has a market cap of 57.35 million.
Cemex, S.A.B. (NYSE:CX) is up 1.62% in after hours trading at $6.90. CX closed regular trading at $6.79, a loss of 1.88%. CX traded 12.4 million shares today and trades 17.8 million shares. The company has a market cap of 7.38 billion.
Clearwire Corporation (NASDAQ:CLWR) is down 3.41% in after hours trading at $1.70. CLWR shares continue their sell off today after Verizon announced it plans to sell some of its spectrum. CLWR traded 53.5 million shares today, way above its average of 12.7 million shares. The company has a market cap of 795.99 million.
Skyworks Solutions Inc. (NASDAQ:SWKS) is down 2.68% in after hours trading at $26.50. SWKS traded 3.6 million shares in regular trading and trades 4.5 million shares a day on average. The company has a market cap of 5.13 billion.
About Martin Stephenson
