Concerns about the viability of the House Republican budget proposal weighed the markets down during the midday with the Dow easing a point to 14,445. Nasdaq lost 16 points to 3236.
On the upside
OCZ Technology (Nasdaq: OCZ) entered a $30 million loan agreement with Hercules Technology Growth Capital.
VeriFone Systems (NYSE: PAY) chief executive Douglas Bergeron resigned.
Rumors circulated that J.C. Penney (NYSE: JCP) chief executive Ron Johnson was resigning but the department store operator denied the rumors.
On the downside
Profit taking sank shares of China Auto Logistics (Nasdaq: CALI).
AVG Technologies (NYSE: AVG) hired Schweichler Price Mullarkey & Barry to recruit a new chief executive for the Internet security solutions provider.
Suntech Power (NYSE: STP) will close a solar panel manufacturing plant in Arizona.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 3 points to 1552.
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