July 30, 2012 at 17:57 PM EDT
Uncertainty Weighs Markets Down To Lower Close
Economic uncertainty weighed the markets down to a lower close with the Dow easing 2 points to 13,073. Nasdaq slipped 12 points to 2945.
On the upside
Supervalu (NYSE: SVU) fired chief executive Craig Herkert and named chairman Wayne Sales as its new CEO.
Sterne Agee upgraded Arch Coal (NYSE: ACI) to a Buy rating.
Clearwire (Nasdaq: CLWR) announced 50% savings on all Clear devices.
On the downside
Shares of Sequenom (Nasdaq: SQNM) continued falling after reporting wider losses for the second quarter last week.
Shares of OCZ Technology (Nasdaq: OCZ) fell after Seagate Technology (Nasdaq: STX) did not announce plans to acquire OCZ. A blog reported last week that Seagate would purchase OCZ.
Investors locked in profits on Groupon (Nasdaq: GRPN).
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 5 to 3 Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 791.
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