August 30, 2013 at 13:45 PM EDT
Markets Extend Losses

The markets extended its losses during the midday with the Dow falling 47 points to 14,793 as consumer sentiment retreated. Nasdaq dropped 28 points to 3591.

On the upside

Splunk (Nasdaq: SPLK) widened second quarter losses but the results were better than expected and the data management software firm lifted its full year guidance.

Carter's (NYSE: CRI) will buy back $400 million worth of common stock through an accelerated share repurchase plan.

Barron's recommended buying Vipshop (NYSE: VIPS).

On the downside

Pacific Sunwear of California (Nasdaq: PSUN) widened second quarter losses and forecast current quarter results below estimates.

Shares of Frontline (NYSE: FRO) continued falling after reporting a wider than expected loss on Wednesday.

McEwen Mining (NYSE: MUX) filed a technical report for the El Gallo Complex.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 lost 5 points to 1632.

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