August 14, 2012 at 17:47 PM EDT
Flat Close As European Economy Shrinks
The markets closed flat with the Dow adding 2 points to 13,172 as the European economy shrank in the second quarter. Nasdaq slipped 5 points to 3016.
On the upside
Speculation swirled that Arena Pharmaceuticals (Nasdaq: ARNA) may be acquired.
Bloomberg reported that Knight Capital Group's (NYSE: KCG) $440 million trading loss was triggered by an old software program.
Monster Beverage (Nasdaq: MNST) doubled its stock repurchase plan from $250 million to $500 million.
On the downside
Motley Fool's investing community expect Peregrine Pharmaceuticals (Nasdaq: PPHM) to underperform the S&P 500. Gol Linhas (NYSE: GOL) widened second quarter losses more than expected as fuel expenses soared.
Towers Watson (NYSE: TW) reported higher fourth quarter earnings but revenue dropped to fall short of analyst expectations.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by a margin of nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 796.
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