The markets extended its losses during the midday with the Dow plummeting 160 points to 13,388 as earnings disappoint. Nasdaq sank 57 points to 3015.
On the upside
Manpower (NYSE: MAN) reported lower third quarter earnings but the results surpassed analyst expectations and the workforce solutions company forecast current quarter results ahead of estimates.
Robert Half (NYSE: RHI) reported higher third quarter earnings that beat expectations as revenue climbed.
Third quarter earnings rose for Honeywell (NYSE: HON) to top analyst estimates.
On the downside
Shares of Clearwire (Nasdaq: CLWR) continued falling after Sprint (NYSE: S) announced plans to take a majority stake in wireless broadband provider.
Parker Hannifin (NYSE: PH) disappointed with lower third quarter earnings that fell far short of analyst expectations.
E*Trade (Nasdaq: ETFC) fell to an unexpected loss for the third quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 820.
Markets Extend Losses
October 19, 2012 at 13:51 PM EDT
