-$5.04
58.7%
Shares of E-Trade Financial Corp. plunged to $3.55. The stock sank the most since its August 1996 IPO after the online brokerage, which also underwrites mortgages, said earnings will fall short of its forecast because of a drop in the value of some securities.
-$2.02
8.3%
The Blackstone Group stock dropped to $22.26. The manager of the world’s largest buyout fund reported a third-quarter profit that missed analysts’ estimates as the value of its real estate holdings declined.
-$7.68
15.8%
Shares of EchoStar Communications Corp. fell to $40.83. The satellite television service said sales increased less in the third quarter than analysts estimated, as new subscribers fell short of projections. DirecTV Group Inc., EchoStar’s bigger rival, slid 6.6 percent, to $25.01.
-$3.55
5%
Occidental Petroleum Corp. stock declined to $67.23. Oil and energy companies fell as oil dropped nearly $2 a barrel. Hess Corp. stock retreated $4.75, or 6.6 percent, to $66.94. Noble Corp. slipped $3.30, or 6.2 percent, to $49.92.
-$10.36
9.4% Shares of Freeport-McMoRan Copper & Gold Inc. sagged to $99.25. Metal producers fell as gold slid more than 3 percent and copper hit its lowest price in seven months. Newmont Mining Corp. slid $4.18, or 7.7 percent, to $49.86.
