Market Wrap-Up for Apr.16 (GS, GE, BAC, FCX, MAT, MSFT, more)

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The market was sitting quietly on the downside this morning, until news broke that the SEC accused Goldman Sachs ( GS ) of defrauding investors.

The market has been way overdue for a clock-cleaning and we got a triple-digit market drop. We almost forgot what that looked like!

Some of today's early earnings winners had included names like Mattel ( MAT ) and Gannett ( GCI ) , but both companies saw the bulk of their early gains evaporate. Financials dropped alongside Goldman Sachs. The hardest hit names included Bank of America ( BAC ) , Morgan Stanley ( MS ) and American Express ( AXP ) . Elsewhere, commodity plays were weak. Some of the hardest hit names were Massey Energy ( MEE ) , Freeport McMoran ( FCX ) , and Diamond Offshore ( DO ) .


As we look ahead to next week, we will preparing to hear results from the likes of Johnson & Johnson ( JNJ ) , Coca-Cola ( KO ) , Microsoft ( MSFT ) and Coach ( COH ) . Be sure to check out our updated dividend stock watchlists this weekend on Dividend.com Premium.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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