Markets Lower As Investors Monitor Greek Developments
The markets traded lower during the midday with the Dow slipping 21 points to 13,254 as investors monitored developments in Greece. Nasdaq lost 9 points to 3067.
On the upside
United Continental (NYSE: UAL) and U. S. Airways (NYSE: LCC) increased airfares after Southwest (NYSE: LUV) announced a $10 hike on flights that are less than 500 miles each way.
Rosetta Genomics (Nasdaq: ROSG) announced three additions to its management staff and expanded the capacity of its laboratory operations.
Western Alliance Bancorp (NYSE: WAL) will acquire Western Liberty Bancorp (Nasdaq: WLBC).
On the downside
Corinthian Colleges (Nasdaq: COCO) fell to a wider than expected loss for the fourth quarter and warned of slowing growth in new student enrollments. Second quarter earnings slipped Lowe's Companies (NYSE: LOW) to fall short of analyst expectations.
Shares of Mechel (NYSE: MTL) fell after Xinhua reported that Chinese steel production growth slowed amidst falling prices.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to
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