Market Close Wrap-Up: Sunoco (NYSE:SUN), Fidelity National (NYSE:FIS), Illumina Inc. (NASDAQ:ILMN)

The major U.S. equity indices closed lower Thursday on the belief that the global economy is weaker than investors expected. Investors pulled out of assets like stocks and commodities after a deluge of bad news, including rising debt levels in Europe and an unexpected jump in jobless claims. The Labor Department said that claims for unemployment benefits rose by 8,000 to 480,000 last week. The Chicago Board Options Exchange's Volatility Index rose 20.7%. In corporate news, Sunoco (NYSE:SUN) reported a Q4 loss of $0.27 per share, ex-items, missing consensus estimates by a penny. Sales in the quarter slipped 1% to $8.97 billion, topping consensus estimates of $8.31 billion. Fidelity National Information Service (NYSE:FIS) reported fiscal Q4 EPS of 44 cents, beating the consensus estimates by one penny. Revenues for the quarter rose 3% to $1.3 billion, inline with the consensus estimates. Illumina Inc. (NASDAQ:ILMN) reported fiscal Q4 EPS of 29 cents, ex-items, topping the consensus estimates of 20 cents per share. Revenues rose 12.2% year-over-year to $180.6 million, ahead of the consensus estimates of $173.0 million. The Dow Jones Industrial Average (DJI) closed 2.61% lower at 10,028.18, the S&P500 (INX) closed 3.11% lower at 1,063.11, and the Nasdaq Composite (IXIC) closed 2.99% lower at 2,125.43.

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• Sunoco (NYSE:SUN)
• Fidelity National (NYSE:FIS)