Market Wrap-Up for May 14 (MA, V, COF, AXP, CLF, DDS, more)

By Staff,

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The market is pulled back fairly hard today. We have a continued drop in the Euro currency that can soon begin to have an impact on company earnings for many S&P 500 names.

We removed some more names from our "recommended" list earlier today, so be sure to check out the post if you did not read the e-mail alert we sent out.

We saw selling over many sectors today, with names like Mastercard ( MA ) and Visa ( V ) getting hit quite hard on credit card legislation worries. Capital One Financial ( COF ) and American Express ( AXP ) were also lower on the potential threat. Commodity-related names dropped, with U.S. Steel ( X ) and Cliffs Natural Resources ( CLF ) leading the way lower. Earnings plays like Nordstrom Inc. ( JWN ) and CA, Inc. ( CA ) finished in the red following Wall Street's reaction to their results. Dillard's ( DDS ) bucked the downtrend after the company posted better-than-expected results. Another trend we continue to take note of is the rising volume we see on down days. The NYSE traded 5.9 Billion shares by the close, while the NASDAQ ended with 2.51 Billion shares changing hands.

As we look ahead to next weekend, we will see an increased number of big companies reporting results, such as Hewlett Packard ( HPQ ) , Home Depot ( HD ) , Target ( TGT ) , and Deere ( DE ) , just to name a few.

Be sure to check out Premium to stay up-to-date on names that are going on and coming off the various watchlists we showcase.

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 Nasdaq, Inc.

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