Sector snap: Apparel makers slide on Jones warning (AP) and SunPower shares fall, analyst lowers EPS estimate (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 10/15/2008 - US Market industry alert provided by U.S. Equity News. NEW YORK (AP) -- Shares of apparel makers fell on Wednesday with many setting multiyear lows, as Jones Apparel Group Inc. [Read the full article]


SIOUX FALLS, S.D. (AP) -- Shares of solar-power company SunPower Corp. (Nasdaq: SPWRA) dropped Wednesday after a Citi Investment Research analyst lowered three years of earnings estimates a day ahead of the company's anticipated quarterly release.SunPower shares fell $4.80, or 10 percent, to $44.93 in midday trading.Citi analyst Timothy M. [Read the full article]

NEW YORK (AP) -- Shares of chemical companies slid Wednesday as the broader market dropped on disappointing sales reports and rising worry on the global economy.The S&P Chemicals Index, which tracks the industry, fell 15.84, or 5.6 percent, to 225.16 in midday trading. Meanwhile, the broader markets slipped about the government reported that both retail sales and wholesale prices declined last month. [Read the full article]

NEW YORK (AP) -- Shares of national banks mostly fell Wednesday afternoon amid a broader market decline, but Wells Fargo & Co. (NYSE: WFC) and JPMorgan Chase & Co. were bright spots in the sector after both reported smaller-than-expected declines in profit. Earlier Wednesday, Wells Fargo said its third-quarter profit fell 25 percent because of losses in investments in other failed financial firms and as the San Francisco-based bank ramped its reserves to cover loan losses.Wells Fargo earned $1.64 billion, or 49 cents per share, during the quarter ended Sept. 30. [Read the full article]

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