Stocks drifted lower again Thursday as techs dragged sharply following Google's surprise earnings announcement that disappointed investors.
Google shares were halted following a 9-percent plunge after the search-engine giant unexpectedly released its earnings report in midday trading. The company posted earnings of $9.03 a share on revenue of $11.33 billion, missing expectations for $10.65 a share on sales of $11.86 billion. The company was scheduled to post after the closing bell.
http://www.cnbc.com/id/49461731
More research:
http://www.zerohedge.com/news/2012-10-18/google-reports-early-huge-miss-sends-stock-plunging
http://www.zerohedge.com/news/2012-10-18/165-hedge-fund-suddenly-cried-out-terror-and-were-suddenly-silenced
