Stocks Open Lower on U.S.-China Trade Rift Concerns
A growing trade dispute between the U.S. and China weighed on the markets as the Dow lost 36 points to 9568.  Nasdaq shed 5 points to 2075.

On the upside 

Drugmaker Eli Lilly (NYSE: LLY) announced 5500 job cuts or about 13% of its global workforce, but excludes new hirings in emerging markets and Japan.

Shares of Sprint Nextel (NYSE: S) rose on the possibility of combining with T-Mobile USA.

Salix Pharmaceuticals (Nasdaq: SLXP) reported positive late stage results for its drug treatment of irritable bowel syndrome.

On the downside

Shares of Alexza Pharmaceuticals (Nasdaq: ALXA) fell after the company announced disappointing results for its migraine drug candidate.

Sonic Automotive (NYSE: SAH) announced an unpriced stock offering of 9 million shares and about $125 million in convertible senior notes.

An analyst downgraded Coeur D'Alene Mines (NYSE: CDE), a gold and silver mining company whose shares recently hit all-time highs.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 591.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here