Goldman Sachs (GS 89.31, -3.19) had its 2008 to 2010 earnings estimates
cut at Ladenburg Thalmann, saying the short-term outlook for the
company is poor, intermediate outlook is challenging, while the
long-term outlook is good. Ladenburg cut its price target on Goldman
to $80 from $140 and maintained its sell rating.
Toyota Motor (TM 76.56, +0.44) reported a 25.9% year-over-year decrease of October U.S. sales and a 37.6% drop in Lexus sales.
Separately, crude oil continues to tumble, falling to session lows with a loss of 5.4% at $64.17 per barrel.