Lower Close As Investors Eye Europe
The markets retreated to close lower with the Dow dropping 68 points to 13,203 as investors continued to monitor developments in Europe. Nasdaq lost 8 points to 3067.
On the upside
JetBlue (Nasdaq: JBLU) chief executive Dave Barger's comment that the airliner was not interested in acquiring bankrupt American Airlines boosted shares of US Airways (NYSE: LCC).
Acquisition rumors lifted shares of OCZ Technology (Nasdaq: OCZ).
Rising gold prices lifted shares of Eldorado Gold (NYSE: EGO).
On the downside
Shares of RadioShack (NYSE: RSH) fell after Best Buy (NYSE: BBY) reported a sharp plunge in second quarter earnings. UBS affirmed its Buy rating on GT Advanced Technologies (Nasdaq: GTAT).
The lockup period for 52.7 million shares of Yelp (NYSE: YELP) expires on August 29.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 815.
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