Lower Open Over Global Economic Concerns
Manufacturing in China fell and new business and services contracted in Europe to weigh the markets down to a lower open with the Dow losing 44 points to 13,533. Nasdaq fell 17 points to 3164.
On the upside
Chimera Investment (NYSE: CIM) declared a quarterly dividend of 9 cents per common share payable on October 29, 2012 to shareholders of record September 27, 2012.
ConAgra (NYSE: CAG) reported higher first quarter earnings that beat analyst expectations as sales rose prompting the food company to lift its full year guidance.
Exxon Mobile (NYSE: XOM) will purchase Denbury Resources' (NYSE: DNR) Bakken shale fields for approximately $1.6 billion in cash.
On the downside
Horizon Pharma (Nasdaq: HZNP) priced its public offering of approximately 21.4 million units at $3.50 per unit.
Ascent Solar Technologies (Nasdaq: ASTI) priced its public offering of more than 9.1 million common shares t the discounted price of $1.20 per share.
Bed Bath & Beyond (Nasdaq: BBBY) disappointed with lower second quarter earnings that fell short of analyst expectations and forecast third quarter earnings below estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 848.
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