Inflation climbed more than expected in Europe to weigh down domestic markets during the midday with the Dow easing a point to 11,668. Nasdaq lost 17 points to 2673.
On the upside
USA Technologies (Nasdaq: USAT) expects to report record revenue and profit for the second quarter.
MetroPCS Communications (NYSE: PCS) introduced new plans beginning at $40 for its 4G LTE handsets with no annual service contracts.
Advanced Micro Devices (NYSE: AMD) will introduce its next generation chips with advanced graphics capabilities at the Consumer Electronics Show.
On the downside
China Integrated Energy (Nasdaq: CBEH) announced a registered direct placement of more than 3.4 million common shares to raise approximately $24.17 million.
Annaly Capital Management (NYSE: NLY) will sell 75 million common shares at $17.20 per share to raise approximately $1.3 billion.
Goldman Sachs lowered its earnings outlook on Boston Scientific (NYSE: BSX) saying that the sale of its neurovascular unit will hurt revenue.
In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 15 points to 783.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here