Market Update

Shares of Huntington Bank HBAN dropped about 2.8% as the company named Helga Houston as the bank's chief risk officer. Shares of Hewlett-Packard Company HPQ dropped about 4% as the company is all set to report its quarterly earnings today. HPQ is projected to report its Q3 EPS at $1.09 on revenue of $31.19 billion. Shares of JDS Uniphase Corporation JDSU fell about 2% after the company issued weaker-than-expected revenue projections for the current quarter. However, the company reported upbeat fourth-quarter results. Shares of Caribou Coffee Company Inc CBOU fell about 6.9% after the company priced its underwritten public offering of 5,150,000 shares of its common stock held by its major shareholder, Caribou Holding Company Limited, an affiliate of Arcapita Bank B.S.C., at $14.25 per share.