Markets are getting killed today, with all the Nasdaq, Dow, and S&P all down over 1.2%. Dell is the worst performing stock of the bunch, and it's dragging down its peers.
Here are some major movers today.
Dell (DELL) Down 16.1% — With very a disappointing second-quarter revenue forecast and a weak earnings report, Dell is getting absolutely smashed this morning.
US Steel (X ) Down 4.6% — Material stocks are vulnerable to global downturns, and US Steel is getting shelled today, down almost 5%.
Pioneer Natural Resources (PXD ) Down 4.4% — Energy stocks are getting pummeled, with Pioneer getting the brunt of the sell off, down roughly 4.5%.
Hewlett-Packard Company (HPQ) Down 4.8% — Dell's tumble has caused a ripple effect, with HP getting hammered along with Dell.
Expedia (EXPE) : Up 5.1% —
Oddly, travel stocks are often vulnerable to global downturns, but Expedia is the top performing stock in the S&P 500 today, up over 5%. Piper Jaffray
boosted its price target on the stock to $53 from $44.
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