Market Update: BAC, ERIC, PEP, PNC, LEA

Market Update: BAC, ERIC, PEP, PNC, LEA

Summary

Stocks are in the red at midday on Tuesday, with earnings reports being the major catalyst. Technology shares, and semiconductor players in particular, are weighing on sentiment after ASML Holdings cut sales guidance in an unexpected move. Meanwhile, UnitedHealth also surprised with an uncharacteristic earnings miss, leaving Healthcare stocks under pressure. Energy stocks are also mostly in the red in sympathy with the drop in the price of oil, this after OPEC cut productio

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