Indexes Close Down On Poor Earnings

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Major indexes all close down for the day; slide was led by Nasdaq tech stocks, reacting from Intel and Yahoo's negative earnings. 

Nasdaq closed down 1% and was the index most affected by the poor earnings reports.

Yahoo (YHOO | Quote | Chart | News | PowerRating) closed down over 12% on a poor earnings report.

Intel (INTC | Quote | Chart | News | PowerRating) closed down 11.5% on poor earnings. 

IBM (IBM | Quote | Chart | News | PowerRating) exceeded earnings and posted profits that rose 13% in Q4.  IBM closed up almost 1%.

Crude oil nearly reached $75 a barrel early today, but fell back and closed at 65.75.

Stocks On The Move

Southwest Airlines (LUV | Quote | Chart | News | PowerRating) Q4 Profit Rises On 20.1% Revenue Growth And Hedging, EPS Misses Estimates (full story).

Bank Of New York (BK | Quote | Chart | News | PowerRating) Q4 EPS Rises On Higher Revenues (full story).

JPMorgan (JPM | Quote | Chart | News | PowerRating) Q4 Profit Climbs 62% On Investment Banking Gains (full story).

SunTrust (STI | Quote | Chart | News | PowerRating) Banks Q4 Profit Rises In Line With Street Views On 10% Rise In Net Interest Income (full story).

Charles Schwab (SCHW | Quote | Chart | News | PowerRating) Q4 EPS Surges On 11% Higher Revenues (full story).

EBay's (EBAY | Quote | Chart | News | PowerRating) Q4 May Piggy-ride A Solid Holiday Web-shopping Wave (full story).

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