Concerns about a disappointing holiday shopping season sent the markets tumbling to a lower close with the Dow plunging 121 points to 13,110. Nasdaq plummeted 26 points to 2619.
On the upside
Virtual Radiologic (Nasdaq: VRAD) made its market debut by soaring 22%.
Although fourth quarter earnings for Charlotte Russe (Nasdaq: CHIC) fell, the results beat expectations.
LDK Solar (NYSE: LDK) forecast fourth quarter results in line with expectations while reassuring investors that business remained strong.
On the downside
Global Cash Access Holdings (NYSE: GCA) will delay its quarterly report while conducting a confidential internal investigation.
The Office of Federal Housing Enterprise Oversight said that Fannie Mae (NYSE: FNM) is not in full compliance with regulations.
Billionaire investor George Soros purchased 1.8 million shares of Countrywide Financial (NYSE: CFC).
In the broad market, declining issues outpaced advancers by a margin of 11 to 3 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 11 points to 772.
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