Disappointing earnings among financial stocks weighed the markets down to a lower open with the Dow slipping 7 points to 11,830 while Nasdaq dropped 20 points to 2745.
On the upside
Shares of Ener1 (Nasdaq: HEV) continued rising after announcing yesterday a partnership with Wanxiang Electric Vehicle to make batteries for China.
Fourth quarter earnings nearly doubled for Adtran (Nasdaq: ADTN) as revenue soared.
Reports that Germany was exploring the possibility of restructuring Greek debt lifted shares of National Bank of Greece (NYSE: NBG).
On the downside
Second quarter earnings rose for Cree (Nasdaq: CREE) but the results fell short of expectations.
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