Daily Market Review – 30 July 2010: Asian shares slid, ended the rally of the week.
U.S. stocks fell Thursday as weaker-than-expected quarterly revenues and forecasts from Kellogg and Colgate-Palmolive weighed, pulling down other consumer-staples companies including Kraft Foods and Procter & Gamble. Furthermore, U.S. small-capitalization stocks edged down as earnings disappointments from utilities and consumer companies added to anxiety over the economic recovery. The negative sentiment returned and followed by most Asian markets.
Morningstar Analysts