The S&P 500
(INDEXSP:.INX) is down .27% to 1,383.13 points as of 2.20 p.m. EST today. One major decliner is Best Buy Co Inc.
(NYSE:BBY), which is down 13.09% to $11.95 per share after it reported lower-than-expected third-quarter earnings. Also down today is Hewlett-Packard
(NYSE:HPQ), which fell 11.80% to $11.73 per share due to a mixed earnings report and an admission that a company it bought lied about its finances
. On the other hand, PulteGroup
(NYSE:PHM) is rising in the market, gaining 5.22% to $16.73 due to the increase in homebuilding after Hurricane Sandy and the increase of home values over the past year.
No positions in stocks mentioned.